BP Exploration & Production Will Utilize Honeywell Services and Technology to
Streamline Operations at Major Facilities and Transform Business Performance Through the Application of Automation Technology
PHOENIX, Jan. 8, 2007 - Honeywell (NYSE:HON) today announced a six-year agreement with BP Exploration to provide Main Automation Contractor (MAC) services at the oil and gas leader's new and existing facilities. Honeywell will help BP Exploration & Production (E&P) accelerate production schedules and improve efficiency in these facilities by integrating all levels of plant operations and automating critical processes.
"Automation will be a key to streamlining operations and improving business performance as we move into the future," said Tim Bass, Director of Procurement & Supply Chain Management, Projects & Engineering. "Honeywell has the tools and experience to enable BP to implement its Automation strategy, improving integration and the operating efficiency of our assets."
As the MAC services provider, Honeywell can apply its integrated strategy to each design phase, including front-end engineering development, early operator training and process simulation, advanced control modeling, process validation and advanced process control. This integrated approach will result in common interfaces across production and business systems for increased safety and efficiency, higher plant availability, lower operating expenditures and reduced engineering.
With Honeywell's deep technology portfolio and integrated MAC approach, customers can intertwine process control, manufacturing execution systems (MES) and safety and security solutions. They can also further streamline implementation through the use of wireless-enabled applications such as Honeywell's OneWireless(TM) industrial mesh network.
"Automation means more than monitoring process variables and engaging valves," said Jack Bolick, president of Honeywell Process Solutions. "When part of a larger, integrated approach, automation technology becomes a strategic investment that directly impacts a plant's profit margin. Creating a smart plant leads to better business performance across the company."
For more information about MAC and other Honeywell solutions that improve business performance, visit www.honeywell.com/ps.
Honeywell International is a $34 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London and Chicago Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Honeywell Process Solutions, access www.honeywell.com/ps.