Invensys Assembling Industry Leaders to Envision the Future Introduces Centre for Hydrocarbon Business Innovation At ISA Conference | Automation.com

Invensys Assembling Industry Leaders to Envision the Future Introduces Centre for Hydrocarbon Business Innovation At ISA Conference

HOUSTON (October 21, 2003) --- Invensys plc, one of the leading process automation vendors in the world, today unveiled a group that will tackle the future of innovation in the hydrocarbon industry, gathering a group of leaders from upstream, downstream and chemical companies and organizations to form the Centre for Hydrocarbon Business Innovation. The Centre and its invited members were announced at the Instrumentation, System and Automation Society conference in Houston.

The Centre will be led by Dr. Calvin Cobb, a leading industry figure who heads Invensys’ new Global Hydrocarbons Consulting practice and serves on the boards of several industry publications.

“The Centre in effect will imitate something the high-tech industry does well, engaging a broad range of industry leaders, academics, analysts, trade media, senior officials from trade associations to identify and investigate leading issues and problems in the industry,” Cobb said. “This 360-degree perspective on issues will serve as the catalyst for change in an industry that isn’t known for its innovative, collaborative spirit.”

Cobb added that Centre activities will offer visions for the Oilfield of the Future, the Refinery of the Future and the Chemical Plant of the Future. The Centre will research, investigate and develop proposed industry solutions around those three concepts, leveraging the Centre’s ‘proof-of-concept’ approach with clients and others, to assist in developing groundbreaking Invensys solutions. Cobb envisions publishing Centre viewpoints and research in a newsletter, “Issues in Hydrocarbon Business & Technology” as well as an annual journal.

“The Centre’s initial board members see that an industry-wide organization like this Centre can develop solutions and thinking that will not only position companies for success tomorrow, but also provide them with ways to incorporate these new strategies for success in today’s markets,” Cobb said. “The Centre is an ideal way to facilitate conversation among acknowledged leaders in order to advocate for the collective knowledge of everyone involved.”

The members’ names and companies will be released after initial Centre meetings in North America and Europe in coming months.

About Invensys

Invensys is a global leader in production technology. The group helps customers improve productivity, performance and profitability using innovative services and technologies and a deep understanding of their industries and applications.

Invensys Production Management works closely with customers to increase performance of production assets, maximize return on investment in production and data management technologies and remove cost and cash from the supply chain. The division includes Global Hydrocarbon Consulting, Global Power Consulting, APV, Avantis, Eurotherm, Foxboro, IMServ, SimSci-Esscor, Triconex and Wonderware. These businesses address process and batch industries - including oil and gas, chemicals, power and utilities, food and beverage, pharmaceutical and personal health care, and mineral processing - plus the discrete and hybrid manufacturing sectors.

Invensys operates in more than 60 countries, with its headquarters in London. For more information, visit www.invensys.com.

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