17.08.2015 16:21:38
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Emerson Signs 10-Year Deal With BP For Enhanced Oil And Gas Project Execution
(RTTNews) - BP and Emerson have signed a global agreement for Emerson Process Management, a global business of Emerson (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.
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.
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BP plc (Spons. ADRS) | 30,00 | 0,67% | |
Emerson Electric Co. | 116,00 | -0,03% |