Recon Technology Won Several New Automation Contracts from CNPC Jidong
Oilfield and Sinopec Southwest Oilfield
BEIJING, Nov. 20, 2013
BEIJING, Nov. 20, 2013 /PRNewswire/ --Recon Technology, Ltd. (NASDAQ: RCON),
an oilfield service company provider ("Recon" or the "Company") operating
primarily in the People's Republic of China, announced today it recently won
several new automation system contracts with CNPC Jidong Oilfield and Sinopec
Southwest Branch Company. The total value of these new contracts will be
approximately RMB7.3 million or USD1.2 million.
"The 'digital oilfield' has been one of the most important development of
China's oilfield industry. Our leading-edge automation and control
technologies help our clients operate more efficiently and effectively, and we
are pleased to win these bids and opportunities to help our long-term clients,
CNPC and Sinopec," said Mr. Yin Shenping, CEO of Recon Technology.
"Utilization of automation technology system in China's Petroleum industry is
currently in its early stage. As Chinese oil companies invest more in
efficiency. We believe our rich experience, outstanding technology,
professional project management staff and construction personnel will help us
to stay ahead in the Chinese oilfield automation and service industry."
About Recon Technology, Ltd.
Recon Technology, Ltd. provides leading Chinese oil and gas companies with
automation services designed to increase efficiency and profitability in
relation to the exploration, extraction, production, refining and
transportation of field based petroleum products for 10 years. Recon
Technology is the first Chinese non-state-owned oil and gas service company to
go public in the U.S.For additional information please visit us at
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purchase any security. Such an offer can only be made in accordance with the
Securities Act of 1933, as amended, and applicable state securities laws. Any
statements contained in this release that relate to future plans, events or
performance are forward-looking statements that involve risks and
uncertainties as identified in Recon's filings with the Securities and
Exchange Commission. Actual results, events or performance may differ
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undertakes no obligation to publicly release the results of any revisions to
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Recon Technology, Ltd.
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SOURCE Recon Technology, Ltd.
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