newsfilter
← Latest News
PR Newswire·

Recon Technology Wins RMB 9.6 Million Oilfield Production Informatization System Integration Project

  • Recon Technology's domestic affiliate, Nanjing Recon Technology Co., Ltd., won multiple bid sections for a production informatization system integration project from a leading domestic oil and gas operator.
  • The total contract value is approximately RMB 9.6 million (around US$1.33 million), excluding value-added tax, with final settlement based on actual workload.
  • Construction and final acceptance of the entire project are expected to be completed no later than July 2028.
  • The win reflects Recon's mature end-to-end service capabilities in production informatization system integration, intelligent station construction, and industrial IoT deployment.
  • Chief Executive Officer Shenping Yin stated the award validates the company's technical capabilities and project execution strength in oilfield automation and digitalization.
  • This contract represents an expansion of Recon's service layout in the domestic oil and gas market, driven by industry-wide digital upgrading trends.
  • Recon Technology is a China-based NASDAQ-listed company (RCON) providing oilfield services, low-carbon energy services, and waste plastic chemical recycling operations.