Three year PIM contract for Synodon

Synodon Inc. has announced that following an initial one year service contract that concluded in December 2014, one of its US based customers has re-signed a realSens™ pipeline integrity management services contract for a three year term.

This new contract requires quarterly (or bi-annual for some sections) survey flights for the customer’s Barnett shale gas gathering pipeline infrastructure. As was the case with the previous contract in 2014, other sections of the customer’s network could potentially be added to the contract in each one of the service years. The value of the three year contract is roughly CAN$1 million but could increase to more than CAN$1.5 million with the potential additions.

“We are very pleased to receive this expanded, three year order as a continuation on a successful initial contract and to continue to provide our customer with integrity intelligence about their pipeline networks and facilities. We look forward to working with this prominent gas producer at addressing other integrity needs as well as expanding further into other territories as required over the coming months”, stated Adrian Banica, CEO of Synodon Inc.

Edited from source by Elizabeth Corner

Published on 14/01/2015

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