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Press release from Business Wire

Emerson Wins $33 Million Contract to Upgrade Automation on Statoil Platform in Norwegian North Sea

<p class='bwalignc'> <i>New safety and automation systems using Emerson's new electronic marshalling with CHARMs technology will help improve oil recovery from Visund platform</i> </p>

Wednesday, February 27, 2013

Emerson Wins $33 Million Contract to Upgrade Automation on Statoil Platform in Norwegian North Sea10:00 EST Wednesday, February 27, 2013 AUSTIN, Texas (Business Wire) -- Statoil has awarded Emerson Process Management, a business of Emerson (NYSE: EMR), a $33 million contract to upgrade safety and automation systems on the Visund oil platform in the Norwegian North Sea. Previously selected by Statoil as one of its preferred automation and safety suppliers, Emerson will provide integrated safety and automation systems to help the international energy company boost oil recovery and extend the life of the field while also reducing operating costs and minimizing safety and environmental risks. The Visund project includes a complex but seamless changeover from existing to new automation and safety systems (known as a hot cutover) to allow uninterrupted operation of the floating production, drilling, and living-quarters platform. Emerson will design, configure, and install the new safety and automation systems, as well as provide ongoing support services to help ensure continued smooth operations. Aker Solutions of Bergen, Norway, will provide project-execution support to Emerson. To help with space and weight limitations on the platform and to offer more design flexibility during the upgrade, Statoil will take advantage of Emerson's electronic marshalling with CHARMs technology. This technology reduces the complexity of connecting such systems to the hundreds or thousands of measurement and control instruments in typical process operations – a significant advantage because last-minute wiring changes with traditional marshalling can result in high costs and expensive delays. Statoil will also benefit from Emerson's operator and maintenance interfaces that were designed with human-centered design principles to make it easier for workers to correctly and efficiently assess operational conditions and take appropriate action to ensure production uptime. Based on Emerson's PlantWeb™ digital architecture, the integrated solution will include a DeltaV™ digital automation system to monitor and control platform operations, as well as a DeltaV SIS system to perform emergency shutdown functions and to control fire and gas detection systems. Emerson's AMS Suite predictive maintenance software will be used for instrument commissioning and configuration and to monitor field devices for potential problems that could affect operations. “Emerson continues to develop its safety and automation business in the North Sea by providing the best technologies and by investing in support services and skilled personnel to help our customers make the most of their operations,” said Steve Sonnenberg, president of Emerson Process Management. “We are delighted that Statoil has recognized the value our technologies and experience can bring to the Visund project.” The Visund oil and gas field, which came onstream in 1999, is located 22 kilometers northeast of the Gullfaks field in the Tampen area of the Norwegian North 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®, Micro Motion®, Rosemount®, Daniel™, Ovation™, and AMS Suite. About Emerson 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 2012 were $24.4 billion. For more information, visit www.Emerson.com. For EmersonDenise Clarke, 512-899-0004denise.clarke@fleishman.com