This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerson Wins $17 Million Contract To Automate Premier Oil Platform On UK Continental Shelf

Premier Oil has awarded Emerson Process Management, a global business of Emerson (NYSE: EMR), a $17 million contract to automate a new offshore production platform in the Solan oil field on the U.K. Continental Shelf. Emerson’s technologies and services will enable Premier to safely and efficiently manage the platform 100 miles west of Scotland from an onshore operations center in Aberdeen.

Designed for unmanned operations, the platform could serve as a model for future developments in marginal fields, where such operations can help increase profits as well as worker safety. The Solan field is expected to produce approximately 40 million barrels of oil, with an estimated initial production rate of 24,000 barrels a day by the end of 2014.

As the project’s main automation and electrical contractor, Emerson will provide full project services including project management, detailed design, configuration, acceptance testing, commissioning, and startup support, all as part of a complete solution.

“We are delighted that Premier recognizes the value of our complete automation solutions for offshore operations,” said Steve Sonnenberg, president of Emerson Process Management. “Our industry specialists look forward to helping Premier turn their vision of a remotely operated platform into a safe, efficient, and profitable reality.”

The integrated solution will use Emerson’s PlantWeb digital plant architecture, including its DeltaV digital automation system, DeltaV SIS process safety system, CSI 6500 Machinery Health Monitor, and AMS Suite predictive maintenance software. Other elements will include Emerson’s Rosemount ® pressure, temperature, radar level, and vortex flow transmitters; Micro Motion ® Coriolis flowmeters; and Roxar sand monitors and multiphase flowmeters.

Emerson will also provide electrical switchgear, uninterruptible power supplies, and satellite telecommunication equipment, as well as an operator training solution that simulates real-world situations to prepare operations personnel for incident management.

Premier is the operator and 60 percent owner of the Solan oil field.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs