Syncrude modernization & expansion to include advanced controls & maintenance services
The Industrial Control business of Honeywell has signed a 10-year, $117 million ManageAbility agreement with Syncrude Canada Ltd. that extends the long-standing strategic alliance between the two companies.
The agreement will include Honeywell advanced controls and maintenance services for Syncrude modernization and expansion projects. Syncrude's growth plan includes expanding production to over 400,000 b/d by 2008.
"We want to continue leveraging our long-term relationship with Honeywell to help us achieve our aggressive cost and production objectives," said Murray Smart, vice president of Syncrude's Bitumen Processing. Using Honeywell technology, Syncrude anticipates significant cost savings and increased production levels over the term of the agreement.
Included in this commitment is Syncrude's selection of Honeywell as its "supplier of choice" for a wide-range of automation technologies and services.
"We're extremely pleased to reach this agreement with Syncrude," said John Weber, president of Honeywell Industrial Control. "Our ManageAbility program addresses our client's need for a full range of functionality and benefits by providing solutions that deliver bottom-line results."
Honeywell's ManageAbility provides automation functionality to a global client base under long-term, value-based service contracts. This approach to automation accelerates and sustains its economic benefits by overcoming resource, technology, and capital constraints associated with traditional approaches to automation.
The Syncrude Project is a joint venture operated by Syncrude Canada Ltd. and owned by AEC Oil Sands, L.P., AEC Oil Sands Limited Partnership, Athabasca Oil Sands Investments Inc., Canadian Occidental Petroleum Ltd., Canadian Oil Sands Investments Inc., Gulf Canada Resources Limited, Imperial Oil Resources, Mocal Energy Ltd., Murphy Oil Company Ltd., and Petro-Canada.
Edited by Dev George
Managing Editor, Oil and Gas Online