Emerson supplies flowmeters to Argosy for Sputnik

BOULDER, COLORADO (February 27, 2008) – Emerson Process Management announces an agreement with Argosy Technologies, Ltd. to provide flowmeters used in upgrading AGZU “Sputnik” oil separator systems in Russia and the CIS. The unique solution, patented and certified by Russia’s GOST standard, peforms automatic multiphase measurement and quality monitoring of hydrocarbon flow coming out right from the wellhead. The Argosy Technologies system, known as R-AT-MM measuring system, delivers a total solution including high accuracy data acquisition, accumulation, processing and communication.

Challenges facing customers in this upgrade process are identifying a solution that can be used in the rugged and diverse oil fields in the region that offer low maintenance and high reliability, yet are capable of providing accurate fiscal measurement of both the oil and the gas coming off of the AGZU Sputnik oil separator. In meeting these challenges, Emerson’s Micro Motion Coriolis meter was chosen as the ideal solution as it delivers extremely high measurement accuracy on both the liquid and gas flows coming from the separator, while offering extremely low maintenance since it has no moving parts.

“We are delighted to partner with Emerson on this project,” states Dr. Peter Mouler, President of Argosy Technologies, Ltd., “And we are extremely confident of the capabilities of the Micro Motion Coriolis meters to enable us to deliver exceptional results for our customers. Global service is key to our continued success, and Emerson’s support matches our capability through the important Russia and CIS regions.”

In order to meet the new Russian GOST R 8-615-2005 requirements and also be able to provide a low-cost upgrade solution for the older, existing AGZU Sputniks in the field and new AGZU Sputniks for the new well sites, Argosy has undertaken substantial research and numerous field tests in the West Siberian region since 2003. Argosy engineers have found that its R-AT-MM system which is based on Micro Motion Coriolis mass meters, Phase Dynamics water cut meters, and the R-AT-MM controller, best serves the needs of these customers. Designed and produced by Argosy Technologies in Russia, more than 600 R-AT-MM upgrade systems have been installed and are successfully being operated by the major Russian oil and gas companies.

About Argosy Technologies, Ltd
Argosy Technologies, Ltd., is a leading provider of equipment and technology to some of the largest oil and gas companies in Russia and CIS. Argosy Technologies delivers full-service, turn-key solutions, customized to their customer’s specific requirements, at the most competitive terms. With a bilingual in-house staff of engineers and technicians, a fully stocked inventory of parts, as well as five service centers in Moscow, Surgut, Tomsk, Nizhnevartovsk and Kemerovo, Argosy Technologies has achieved a strong reputation for providing technological excellence and the ability to provide full support to the needs of its customers.

About Emerson Process Management
Emerson Process Management, 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, metals and mining, food and beverage, pharmaceutical and other industries. A division of Emerson, Micro Motion, (www. micromotion.com) is headquartered in Boulder, Colorado, USA. Since inventing the first practical Coriolis flowmeter in 1977, Micro Motion has been the world's leading Coriolis flowmeter supplier, ranking #1 in both technology and customer support. Micro Motion technology and expertise play a key role in Emerson’s combining of superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Emerson brands include: PlantWeb, Micro Motion, Fisher, Rosemount, Mobrey, Daniel, Bristol, DeltaV, Ovation, and AMS Suite.

About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2007 were $22.6 billion.

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