Stress survey: PPL awards contract

NXT Energy Solutions has announced that it has received a letter of award from the PPL.

KARACHI: NXT Energy Solutions has announced that it has received a letter of award from the Pakistan Petroleum Limited (PPL) giving it permission to conduct a stress field detection airborne survey at a cost of $2.66 million.

The letter represents the formal acceptance of a bid submitted by NXT, a Calgary-based company, a press release said. The award of the contract is subject to execution of a definitive contract and submission of a 10 per cent performance bond.

Published in The Express Tribune, January 6^th, 2011.