Honeywell To Automate Drilling Facilities For China's Largest Offshore Oil Producer
"This is a very important project and automation is at the heart of this development," said Mr. Tian Nan, CNOOC Limited General Manager for the Project Development Team. "We selected Honeywell because of its excellent performance on previous offshore projects."
The Bozhong oilfield, discovered near the Port of Tianjin in Bohai Bay, China, is one of China's largest offshore oilfields. It is being developed as part of a joint venture between ChevronTexaco and CNOOC Limited.
Honeywell will engineer and install Experion to automate operations throughout the offshore drilling facility, increasing production and reducing operational costs. Experion will provide process monitoring and control, fire and gas safety and emergency shut down systems.
The Bozhong 25-1 development will include a new main floating production and storage (FPSO) platform and six well-head platforms. Construction of core platform components will take place at various locations, and will be completed in phases. Honeywell will provide automation systems to the FPSO and each of the six remaining platforms. When complete, the facility will include 7 process control systems and 17 emergency shutdown systems and fire and gas systems with Honeywell Safety Management Systems.
"The Bozhong development will be a model production and storage facility with state-of-the-art automation technology at its core," said Jack Bolick, President of Honeywell Process Solutions. "The result will demonstrate the full range, versatility and openness of Experion." Honeywell is a leading automation solutions provider to offshore China. The CNOOC Limited project is one of several contracts secured in Asia Pacific by Honeywell recently. Other projects include the new Malaysian government centre in Putrajaya, Malaysia, and a new oil terminal automated by Experion PKS in Ulaanbaatar, the capital of Mongolia.
Incorporated in Hong Kong in August 1999, CNOOC Limited (SEHK: 883; NYSE: CEO) is the dominant producer of crude oil and natural gas offshore China. CNOOC Limited is also one of the largest independent crude oil and gas exploration and production companies in the world. As of December 31, 2002, its net proved reserves were 2.0 billion barrels-of-oil equivalents and its net production averaged 352,780 BOE per day for the first half of 2003. CNOOC Limited has interests in 45 crude oil and gas properties in four major producing areas offshore China: Bohai Bay, Western South China Sea, Eastern South China Sea and East China Sea. The Company is a major oil and gas company in China with slightly over 2,000 employees. The Company has become the largest offshore producer in Indonesia after the acquisition of Indonesian assets.
Honeywell International is a diversified technology and manufacturing leader based in Morris Township, N.J. With 2002 revenues of $22 billion, the company serves customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. The company's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. Honeywell is one of the 30 stocks that comprise the Dow Jones Industrial Average; it is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Industry Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Industry Solutions, access www.acs.honeywell.com.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act. Experion PKS® is a registered trademark of Honeywell International Inc.