EMERSON ELECTRIC CO.

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Emerson Electric : technology and expertise to support Maersk Oil's Culzean project

03/12/2022 | 03:04am EDT

Control and safety technology to help ensure safe and efficient operation of Culzean development in North Sea

AUSTIN, Texas (March 14, 2016) - Emerson Process Management, a global business of Emerson (NYSE: EMR), has been awarded a contract to automate the Maersk Oil Culzean gas field development in the North Sea. One of the largest gas discoveries in the area, the Culzean field is expected to meet around five percent of the UK's total demand.

Maersk and its co-venturers are investing around $4.5 billion in the Culzean development. Three offshore platforms will support 12-slot wellheads and house a central processing facility, control room and living quarters. As the main automation contractor, Emerson will provide automation services and technologies for the three offshore platforms as well as for an onshore observation facility that can support remote operations if needed.

"Emerson has proven technology and a successful track record of managing budget and schedule risk in North Sea automation projects," said Steve Sonnenberg, president of Emerson Process Management. "This experience positions us to support Maersk Oil in both the initial construction phase and the long-term operational success of this prestigious and important project."

Emerson will provide a range of project and support services from its UK headquarters in Leicester to help ensure on-schedule project execution, including system design and engineering, configuration, testing, installation and commissioning. An operator training system will support both engineering and workforce training to help bring the production online safely and as quickly as possible.

Emerson process control and safety systems will help ensure safe and efficient production, perform emergency shutdowns if required, and control fire and gas detection systems. Emerson will also provide measurement and control technologies designed to meet the challenges of this ultra-high pressure and high temperature application, as well as asset management and machinery health monitoring technologies to improve maintenance efficiency and help avoid unscheduled downtime.

Production is expected to start in 2019 and continue for at least 13 years.

For more on how Emerson can help improve project and operational performance in offshore oil and gas production, visit http://www2.emersonprocess.com/en-US/industries/oil-gas/OffshoreExplorationProduction.

About Emerson Process Management
Emerson Process Management, 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 Bettis™, DeltaV™, Fisher™, Micro Motion™, Ovation™ and Rosemount™.

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 2015 were $22.3 billion. For more information, visit Emerson.com.

Disclaimer

Emerson Electric Co. published this content on 12 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2022 08:03:06 UTC.


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Financials (USD)
Sales 2022 19 769 M - -
Net income 2022 2 885 M - -
Net Debt 2022 2 895 M - -
P/E ratio 2022 18,6x
Yield 2022 2,31%
Capitalization 53 683 M 53 683 M -
EV / Sales 2022 2,86x
EV / Sales 2023 2,64x
Nbr of Employees 86 700
Free-Float 61,8%
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Ram R. Krishnan President-Asia Climate Technologies
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