Analyzer checks amount of water in oil.

Press Release Summary:



H20il Analyzer System for upstream and midstream operations offers continuous measurement of water from 0 to 100%. Knowing and controlling water/oil content improves efficiency of oil recovery, maximizes oil quality by improving dehydration process, and minimizes transport of water. System is available in 2 to 8 in. models, all with FM approval. Applications include well testing, flow station, pipelines, oil movement and storage, and custody transfer.




Original Press Release:



Honeywell Introduces Latest Versions of the H2Oil Analyzer System for the Oil and Gas Industry



PHOENIX, Arizona, December 11, 2001 - The Control Products business of Honeywell [NYSE: HON] introduced the latest models of its H2Oil Analyzer System, a specialized water measurement solution for upstream and midstream operations. In addition to its 4-inch (100mm), 6-inch (150 mm) and 8-inch (200 mm) models, Honeywell now offers the H20il Analyzer in both 2-inch (50 mm) and 3-inch (75 mm). All have Factory Mutual (FM) approval.

"The new models exemplify Honeywell's commitment to developing best-in- class field instrumentation to meet our customers' needs," stated David Kaufman, Director, Field Measurement Marketing for Honeywell Control Products. "These new sizes will enable our customers to use the H20il Analyzer System in a broader range of applications, including well testing, flow station, pipelines, oil movement and storage, and custody transfer." Honeywell's H20il Analyzer System is ideal for the oil and gas industry, as it offers continuous measurement of water from 0 percent to 100 percent. In all types of petroleum production, knowing and controlling the water/oil content improves the efficiency of oil recovery, maximizes oil quality by improving the dehydration process, and minimizes transport of water.

Petroleos de Venezuela (PDVSA) has placed orders for both the 2-inch and 3-inch models. PDVSA chose the H20il Analyzer System because of its ability to increase savings and reduce commissioning time and cost of operations. H20il Analyzer Systems were previously installed in three flow stations, and the results met PDVSA's expectations. The success of this product and its technology can be directly related to the close cooperation and efforts due to the Honeywell - Intevep alliance.

Honeywell Automation and Control Solutions (ACS) is a US$8 billion global leader in providing product and service solutions to create efficient, safe, and comfortable environments and help business and industry improve productivity and profitability. It comprises four businesses: Industry Solutions, Service, Security and Fire, and Control Products. ACS offers heating, ventilation, humidification and air - conditioning equipment controls, security and fire alarm systems, home automation systems, energy-efficient lighting controls, and building management systems and services. It also provides automation systems, advanced software solutions, and value-added services used in a variety of industries. ACS is a global supplier of sensors, switches, and control products for industrial applications. For more information, access iac.honeywell.com. Honeywell is a US$25-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials. Honeywell employs approximately 120,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific 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. Additional information on the company is available on the Internet at www.honeywell.com. Intevep, an affiliate of Petr6leos de Venezuela, is dedicated to research and to provide technological support in different areas of the oil business. Additional information on the company is available on the Internet at www.pdvsa.com. This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act. Honeywell Industrial Control Products 16404 N. Black Canyon Highway Phoenix, AZ 85053 1-800-288-7491

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