Tokyo, Japan - August 25, 2008
Yokogawa Electric Corporation announces that Yokogawa Engineering Asia Pte. Ltd. and Yokogawa Europe Branches B.V. Sucursal De Angola have concluded a Frame agreement with BP Exploration (Angola) Limited for its Floating Production Storage and Offloading (FPSO) Programme in Angola.
Under the terms of the agreement, Yokogawa will provide project management, engineering, operation and maintenance services for an integrated control and safety system (ICSS). Specific products to be supplied for this ICSS include the CENTUM® VP Integrated Production Control System, ProSafe®-RS Safety Instrumented System, Exaquantum™ integrated information system, and OmegaLand operator training system. The ICSS will provide fully integrated and seamless control and safety functions for the subsea, marine, hull, and topside facilities of FPSO vessels along with a single interface allowing operators to start, control, and monitor all facilities from a central control room. This project fully leverages the potential benefits of global collaboration. FOUNDATION™ fieldbus technology will be used to enable highly advanced diagnostics.
BP Angola is currently considering the development of up to four (4) additional offshore oil fields. "Yokogawa is extremely honoured to be the main automation contractor for this major programme." said Teruyoshi Minaki, Director and Executive Vice President of the International Business Headquarters. "Yokogawa will deliver reliable upstream automation solutions employing its Leading Edge Technology for BP's programme. We are looking to develop and strengthen our long-term performance-based relationship with BP."
The award of this important contract to Yokogawa follows an intensive year-long evaluation by BP Angola. This is Yokogawa's largest project in Africa. The company will fully utilize Angolan resources to contribute to the country and meet Angolan Content requirements.
About Yokogawa
Yokogawa's global network of 19 manufacturing facilities and 89 companies spans 32 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,500 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa. For more information about Yokogawa, please visit our web site at www.yokogawa.com.