PHOENIX, Oct. 30, 2007 – Honeywell (NYSE:HON) announced an agreement with China Petroleum and Chemical Corporation (Sinopec) to automate and control operations at China’s largest gas field. Honeywell will supply its Experion Process Knowledge System (PKS) R300 software, along with SCADA technology to streamline and manage the control data at the Puguang Gas Field in Sichuan Province.The Puguang Gas Field was discovered in 2005 with 356 billion cubic meters of gas reserves and is expected to significantly impact the country’s economy as China produces more of its own energy. The field is Sinopec’s first greenfield oil-and-gas project in upstream exploration.
Sinopec, which is China’s largest refiner, initially plans to produce more than 4 billion cubic meters of natural gas per year at the field and double that amount by 2010. “China’s natural gas consumption is rapidly increasing and gas fields such as the Puguang Field are key to meeting this ever-growing demand,” said Yang Faping, Sinopec project manager for the Puguang Gas Field. “Honeywell’s strong reputation in oil and gas and its ability to tightly integrate the supply chain for increased efficiency made it the perfect partner for this project.”The Experion software will automate the upstream processes at the Puguang Field, including the extraction of the gas reserves, desulphurization and transportation to the refining facility.
Experion improves overall efficiency and safety by unifying critical subsystems throughout a processing facility, giving operators more meaningful information to make decisions. The technology also allows manufacturers to integrate non-Honeywell technology into a central point. This approach makes staff, processes and assets more effective, resulting in improved productivity and reduced operating costs. “Because natural gas is a resource in high-demand, companies like Sinopec need technology that will help them turn that resource into business results as efficiently as possible,” said Thomas Liu, managing director of Honeywell Process Solutions Greater China.
“Faster startup leads to faster results and Experion will give Sinopec operators the information they need to make the best decisions when controlling their processes.” Honeywell International is a $34 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges.
It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor’s 500 Index. Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry.
