Synectics Plc (SNX.L), a security and surveillance systems company, said on Monday that it has bagged two contracts, totaling 2.3 million pounds, for oil and gas projects in Qatar and Brazil.
For the contract in Qatar, which is worth around 1.8 million pounds, Synectics will supply North Oil Company, or NOC, with its security camera station technology. The COEX camera stations will be supplied in two phases, expected to occur in 2025 and 2026.
NOC is preparing to raise production at the offshore Ruya Project as part of the expansion of the Al-Shaheen field, Qatar's largest oil field.
Separately, the company has also been selected to provide its security and surveillance solutions for a Floating Production Storage and Offloading vessel in Brazil with a contract value of around 0.5 million pounds.
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