Honeywell secures Plant Automation Applications & Pipeline Automation System (PAA & PAS) Project contract from Dolphin Energy
- United Arab Emirates: Tuesday, February 13 - 2007 at 17:00
- PRESS RELEASE
Honeywell (NYSE:HON) today announced it has been awarded a USD13.5 million dollar contract to provide a Manufacturing Execution System (MES) for Dolphin Energy's Plant Automation Applications & Pipeline Automation System (PAA & PAS) Project.
The project will fully integrate Dolphin Energy's business and process systems, providing improved visibility and control across its entire supply chain, from offshore wellheads to customer gas distribution. This increased visibility into all aspects of operation will enable Dolphin Energy to optimize their processes and increase production over the long term. With a vertically integrated supply chain and process solution, Dolphin will be able to adjust production and processing for maximum efficiency and to identify and eliminate potential problems at an early stage.
The venture with Honeywell will enable Dolphin to unify its business goals and optimize production. Honeywell's strong reputation in the region and track record with large-scale implementations make them a strong partner. The MES project will result in quicker decision-making and more efficient management of Dolphin's plant and pipeline facilities.
The project covers a wide geographic area extending from Dolphin's two offshore oil platforms in Qatar's North Gas field, to its onshore processing facilities at Ras Laffan, and also through an undersea pipeline to end-customers in Abu Dhabi and Fujairah, UAE. The Dolphin Gas Project is a unique UAE strategic energy initiative whose mission is to produce, process and supply substantial quantities of natural gas from offshore Qatar to the United Arab Emirates.
"The ever-growing demand for energy is one of the hottest issues around the world and no one feels that pressure more than the companies that produce it," said Jack Bolick, president of Honeywell Process Solutions. "Through its supply of natural gas from Qatar, Dolphin Energy will bring together three nations in a regional energy network for the very first time. By optimizing their operations, Honeywell seeks to assist Dolphin Energy's ability to better meet demand and do so in a manner that will support the development of substantial, long-term new industries throughout the region while creating continuous economic growth."
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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.
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Posted by Anne-Birte Stensgaard, Senior News Editor



