Oil and gas producer to use innovative technologies to capitalize on Norwegian Continental Shelf development, new opportunities in shale gas, heavy oil, and deep-water production
STAVANGER, Norway - Emerson Process Management, a global business of Emerson (NYSE: EMR), is one of three suppliers chosen for a long-term frame agreement with Norway's Statoil that positions Emerson to bid on future automation and safety systems for the international oil and gas producer.
The agreement supports Statoil's strategy of using innovative technologies to solve the energy needs of the future, including making the most of emerging opportunities in shale gas, heavy oil, and deep-water production, as well as further development of the Norwegian Continental Shelf. Emerson's integrated safety and automation system - which includes its DeltaV(TM) digital automation system and DeltaV SIS(TM) process safety system - will help Statoil maximize production while reducing operating costs and minimizing safety and environmental risks.
Statoil and Emerson recently collaborated to apply Emerson's Smart Wireless technology on two offshore platforms. Emerson has found that wireless measurement networks offer significant cost and weight savings in such applications.
"It's exciting to work with customers as forward-thinking as Statoil," said Steve Sonnenberg, president of Emerson Process Management. "We expect this new agreement to strengthen our existing relationship - and open the door to new opportunities for improved results."
The five-year frame agreement covers process safety and automation systems, including engineering services, for new capital projects as well as upgrades to existing facilities, and includes the option to renew for two additional two-year terms. Emerson will continue to provide control valves, measurement instruments, asset management solutions, and related services to help Statoil optimize its operations.
About Emerson Process Management
Emerson Process Management (www.EmersonProcess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences, and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management, and maintenance services. Its brands include PlantWeb(TM), Syncade(TM), DeltaV(TM), DeltaV SIS(TM), Fisher®, Micro Motion®, Rosemount®, Daniel®, Ovation(TM), and AMS Suite.
Emerson (NYSE: EMR), based in St. Louis, Missouri, USA, is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2009 were $20.9 billion. For more information, visit www.Emerson.com.