FOXBORO, MASSACHUSETTS, USA – March 2, 2006 – Invensys Process Systems joined BP, Chevron, and Shell in a presentation and panel discussion on PRODML, PRODuction xML, a new open standard for digital technology for production optimization in the oil and gas industry. This presentation was part of the two-day conference “Digital Energy 2006: Bytes and Barrels, Applying Digital DNA to Meet the Business Performance Challenge”, sponsored by the Society of Petroleum Engineers (SPE). In a panel discussion, Stan DeVries, Director of Upstream Solutions at Invensys Process Systems described the consequences of not having a digital technology standard for production optimization and the benefits of PRODML from a vendor’s perspective.
Stan brings extensive experience in implementing asset performance management and distributed process control systems for the petroleum industry.SPE organized the conference to help oil and gas industry personnel understand digital applications in business performance improvement today and to open discussion on the possibilities for the future. Panel discussions addressed current enabling technology, the business benefits and changes for operators and vendors, and future challenges. The conference was held February 21-22 in Houston, Texas.
About Invensys Process Systems
Invensys Process Systems, a business unit of Invensys plc, provides products, services and solutions that enable today’s industrial process plants to monitor, manage, and improve the performance of their manufacturing assets. In addition to its rapidly expanding Global Solutions group, Invensys Process Systems includes industry-leading brands such as Avantis, Foxboro, SimSci-Esscor, Triconex, and Wonderware, whose products are installed at more than 100,000 sites across the world. These range from small hybrid and batch plants to the world’s largest upstream projects, refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills.The Invensys Group is made up of five businesses: Process Systems, APV, Eurotherm, Rail Systems and Controls.
The Group is headquartered in London and is listed on the London Stock Exchange, with approximately 30,000 employees working in 60 countries.
