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Matrikon Inc. (TSX:MTK) said Monday that it has won a US$15.7-million contract to build a remote oil field monitoring project for a Middle East oil company.

The company said the contract was though a jointly owned subsidiary established to drum up business in the region.

The project covers 78 wells and the installation is expected to be completed within 12 months.

Matrikon is a provider of software and other technology for factories and other industrial uses.

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