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Emerson to Enhance Simulation Software for Oil and Gas Reservoirs



  Emerson to Enhance Simulation Software for Oil and Gas Reservoirs

    Improving reservoir management tools will help Statoil reduce risk in
             production planning and improve oil and gas recovery

Business Wire

STAVANGER, Norway -- October 17, 2012

Emerson Process Management, a global business of Emerson (NYSE: EMR), has
teamed with Statoil to develop and test technologies that will enable more
accurate and realistic production planning and field management for oil and
gas reservoirs.

Statoil is one of the oil and gas industry’s leading exploration and
production companies and is at the forefront of technology improvements to
drive oil and gas recovery rates.

The three-year project will lead to enhancements in Emerson’s Roxar™ reservoir
management software tools, especially the ability to improve reservoir
simulations by incorporating actual production history into mathematically
based reservoir models that are used to characterize oil and gas reservoirs
and determine where hydrocarbons are. The results will help geologists,
production planners, and reservoir engineers to better manage the
uncertainties inherent in such models and improve oil and gas recovery.

Emerson’s deepwater and subsea technologies include advanced reservoir
modeling software that uses 3D and 4D seismic data to more realistically
represent and understand a field’s complexity, as well as downhole flow sensor
technology that provides, for the first time, flow measurements from
individual wells to allow more precise actions and improve field recovery.

“The staggering complexity of offshore production – especially thousands of
meters underwater and hundreds of miles from shore – demands better
intelligence and real-time data about reservoirs,” said Steve Sonnenberg,
president of Emerson Process Management. “We welcome this opportunity to work
with Statoil to develop solutions that better estimate future production and
help maximize recovery from its reservoirs.”

The technology improvement program is one of several projects Emerson is
conducting for Statoil. Emerson recently signed agreements that position
Emerson to supply metering systems, as well as automation and safety systems,
for Statoil production operations, and use of wireless technology on two
offshore oil platforms.

About Emerson Process Management

Emerson Process Management (www.EmersonProcess.com), an Emerson business, is a
leader in helping businesses automate their production, processing, and
distribution in the chemical, oil and gas, refining, pulp and paper, power,
water and wastewater treatment, mining and metals, food and beverage, life
sciences, and other industries. The company combines superior products and
technology with industry-specific engineering, consulting, project management,
and maintenance services. Its brands include PlantWeb™, Syncade™, DeltaV™,
Fisher^®, Micro Motion^®, Rosemount^®, Daniel^™, Ovation^®, AMS Suite, and
Roxar™.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in
bringing technology and engineering together to provide innovative solutions
for customers in industrial, commercial, and consumer markets around the
world. The company is comprised of five business segments: Process Management,
Industrial Automation, Network Power, Climate Technologies, and Commercial &
Residential Solutions. Sales in fiscal 2011 were $24.2 billion. For more
information, visit www.Emerson.com.

Contact:

For Emerson
Denise Clarke, 512-899-0004
denise.clarke@fleishman.com
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