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Press release from Business Wire

Emerson Awarded $67 Million in Valve Technologies Contracts

<p class='bwalignc'> <i>Emerson Valve Technologies to Help Ensure Efficient, Safe Flow Control of Natural Gas</i> </p>

Tuesday, June 11, 2013

Emerson Awarded $67 Million in Valve Technologies Contracts

10:00 EDT Tuesday, June 11, 2013

AUSTIN, Texas (Business Wire) -- Emerson Process Management, a business of Emerson (NYSE: EMR), has been awarded contracts by Chevron Australia Pty Ltd. that are valued at US$67 million to provide control valves and valve actuators to help ensure the efficient and safe flow of natural gas at the Gorgon Project, one of the world's largest natural gas projects.

Emerson Process Management is providing the majority of the control and shutdown valves for the project. Specifically, the contracts include more than 1,000 control valves, actuators, and valve controllers from Emerson. Additionally, Emerson's Roxar subsea wet gas meters will also be used to provide real-time, accurate measurements of hydrocarbon flow rates and water production.

Emerson's Fisher® valves and valve automation technologies provide the ability to accurately manage the production of gas, resulting in tighter and more accurate control that increases overall system efficiency and safety and helps ensure environmental compliance. Fisher FIELDVUE™ digital valve controllers provide automated configuration, as well as improved control valve calibration and tuning. Their built-in diagnostics enable technicians to remotely monitor the health of valve assemblies and can alert them to pending issues before they affect operations.

“Our customers are undertaking increasingly larger and more complex projects in challenging on- and offshore sites, where they require sophisticated, reliable gas flow solutions,” said Steve Sonnenberg, president of Emerson Process Management. “Prior to installation, we were able to verify the performance of highly critical valves that will be used at Gorgon through real-world flow testing at the Emerson Innovation Center in Marshalltown, Iowa – the largest flow facility in the world capable of providing this kind of reliability testing.”

In addition to support from Emerson Process Management's engineering, development, and manufacturing facilities in Australia, Emerson is working with its local business partner of 20 years, Perth-based Western Process Controls, to provide training that will help the Gorgon Project's instrument and valve technicians ensure smooth commissioning and maintenance best practices.

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™, Bettis™ 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.

About the Gorgon Project

The Chevron-operated Gorgon Project is developing the Gorgon and Jansz-Io gas fields, located between 130 and 200 kilometers off the northwest coast of Western Australia. It includes the construction of a three-train, nominal 15 million tonnes per annum (MTPA) liquefied natural gas (LNG) facility on Barrow Island and a domestic gas plant with the capacity to provide 300 terajoules per day of gas to Western Australia. The Gorgon Project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and Chubu Electric Power (0.417 percent).

For Emerson
Denise Clarke, 512-899-0004
denise.clarke@fleishman.com

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