Emerson Signs 10-Year Agreement with BP for Enhanced Oil and Gas Project Execution and Operational Reliability
By Business Wire News
BP and Emerson have signed a global agreement for Emerson Process Management, a global business of Emerson (NYSE:EMR), to provide automation technologies and aftercare services for BP’s upstream oil and gas operations. The new 10-year agreement extends the existing arrangement between the companies, allowing Emerson to provide an expanded scope of technologies and expertise that help ensure safe and competitive projects and support BP’s Field of the Future® program for enhanced operating efficiency and oil recovery.
“This agreement further underscores BP’s commitment to safe and reliable operations, as well as our commitment to remaining at the forefront of upstream oil and gas technology,” said Adrian Luckins, vice president of global project solutions at BP.
In addition to automation that helps companies like BP run their processes smoothly, safely, and efficiently, Emerson also provides services and technologies to reduce project cost and schedule risk and to improve reliability and reduce expensive downtime in ongoing operations.
The new agreement expands the companies’ existing relationship on upstream projects. Under the scope of the new agreement, Emerson will continue to supply automation system technologies, including distributed control systems and safety instrumented systems, but will now also provide valves and measurement instruments as well as technologies for supervisory control and data acquisition, asset management, and machinery health monitoring.
As main automation contractor, Emerson will also continue to deliver a range of project and support services that include system engineering, installation, configuration, testing, and ongoing support. The agreement also provides for ongoing maintenance of existing systems.
“We appreciate BP’s continued confidence in our proven ability to execute large, complex oil and gas developments,” said Steve Sonnenberg, president of Emerson Process Management. “Our team welcomes the opportunity to put that experience to work as we help BP operate its assets safely and responsibly, get to first production more quickly and easily, maximize operating efficiency, and optimize production and yield.”
This new agreement builds on the successful collaboration between BP and Emerson on a number of major upstream projects around the world. Emerson is currently providing automation services to BP for a floating production, storage, and offloading (FPSO) vessel for the Quad 204 development and Clair Ridge offshore platform, both in the North Sea to the west of Shetland, and for the Chirag Oil Project and Shah Deniz Stage 2 project in the Caspian Sea.
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™, Syncade™, DeltaV™, Fisher®, Bettis™, Micro Motion®, Rosemount®, Daniel™, Ovation™ 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 around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2014 were $24.5 billion. For more information, visit Emerson.com.
Denise Clarke, 512-899-0004