Premier Oil PMOIY has awarded Emerson Process Management, a global business of
Emerson EMR, a $17 million contract to automate a new offshore
production platform in the Solan oil field on the U.K. Continental
Shelf. Emerson's technologies and services will enable Premier to safely
and efficiently manage the platform 100 miles west of Scotland from an
onshore operations center in Aberdeen.
Designed for unmanned operations, the platform could serve as a model
for future developments in marginal fields, where such operations can
help increase profits as well as worker safety. The Solan field is
expected to produce approximately 40 million barrels of oil, with an
estimated initial production rate of 24,000 barrels a day by the end of
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in