OSLO, Norway, Sept. 8, 2015 Honeywell (NYSE:HON) Process Solutions (HPS) today announced a new multi-year agreement to provide comprehensive services and support for Lundin Norway, Norway's fastest-growing upstream oil and gas company.
Honeywell's new Assurance 360 program will help Lundin achieve continual and optimal performance of its automation system at the Edvard Grieg field in the Utsira High area of the central North Sea.
Under the program, HPS will provide all necessary technology, processes and support for the system over the next four years, including hardware refresh, software updates and upgrades, and remote support. Key performance indicators in the contract will allow Lundin's management to monitor delivery of the service, while dedicated program management provides a single point of accountability for performance.
"A company like Lundin will really benefit from the Assurance 360 services program," said John Rudolph, vice president and general manager of HPS's Lifecycle Solutions and Services business. "It takes workload for ongoing services, maintenance and upgrades off their plate so they can focus on their core capabilities, while Honeywell focuses on the areas where we are experts such as control systems, safety systems and operator training."
Lundin Norway is focussed on oil and gas exploration, development and production in Europe's biggest oil producing nation.
"This contract forges a close partnership with Honeywell that gives us certainty in terms of both costs and performance of the automation system at Edvard Grieg," said Kari Nilsen, Head of Operations at Lundin Norway. "With Honeywell providing all the technology and people necessary, it allows Lundin to maintain its lean operating structure, even as we grow and look to develop existing and new opportunities more fully."
The Edvard Grieg platform rests on the seabed in the North Sea and has a full process facility. Honeywell's technology on the platform will include the safety and automation system, operator training simulator, engineering simulator, and production control center.
With production from the platform expected to start up in the fourth quarter of 2015, the field's reserves are estimated at 186 million barrels of oil equivalents. Gross plateau production is expected to be 100,000 barrels of oil equivalent per day.
Honeywell's Assurance 360 multi-year, flexible service programs provide outcome-focused services to improve business performance. Under the Assurance 360 Optima contract, Honeywell acts as a hands-on partner, taking full responsibility for maintaining the process control system at peak performance, including all ongoing maintenance, upgrades to the latest technology, and active management of the system. Honeywell's solution maximizes customers' return on their automation investments and delivers better business results.
Visit Honeywell's lifecycle solutions and services web pages for more information.
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Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. Process Solutions is part of Honeywell's Performance Materials and Technologies strategic business group, which also includes UOP, a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywellnow.com.
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