ROCKVILLE, Md., Oct. 22, 2009 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, has announced today that it has received a new project award from Petrochina to implement its real-time Supervisory Control and Data Acquisition System, SCADA OASyS, at West-East Gas Pipeline Phase II. Telvent's systems already control Petrochina's crude oil facilities. Now the Chinese energy company has decided to place its confidence in Telvent's systems by allowing them to also manage its gas operations.
Telvent will ensure the right operation of an 8,700 kilometers pipeline that will cross the entire country of China, helping to connect the Western with the Eastern market, and giving response to the increasing civil and industrial demand of natural gas in the country. Telvent's systems will control the gas transmission and enhance accurate and reliable real-time information, key for decision making.
Beijing Main Control Center and Langfang Backup Control Center will be permanently connected. The designed solution will be able to include the new gas pipelines, which are now under construction.
This project demonstrates the long term vision of Petrochina in the gas business as a clean energy, but also Telvent's strong competitive position with this customer, that strengthens and expands its market in China. Manuel Sanchez, Telvent's Chairman and CEO, has stressed the importance of this new contract, "because of its strategic significance in the complex Chinese gas market and also because it shows Petrochina's confidence on Telvent's smart systems".
Telvent has previously executed three similar projects to control two oil pipelines in China, the Lan-Cheng-Yu pipeline for the transportation of petroleum products, and the West Oil Pipeline in Western China, for the transportation of petroleum products as well as crude oil. Recently, Telvent has also successfully completed the OASyS SCADA project to implement its SCADA OASyS in Lan-Zheng-Chang oil pipeline, also managed by Petrochina.
About Telvent
Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider that improves the efficiency, safety and security of the world's premier organizations. The company serves markets critical to the sustainability of the planet, including the energy, transportation, agriculture, and environmental sectors. (www.telvent.com)
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