New Honeywell Technologies, Services Can Help Oil And Gas Customers Boost Production By 3 To 5 Percent By Capturing And Using Data More Efficiently

Customers Can Improve Operational Safety, See Return on Investment in As Little As Six Months by Using New Digital Suites for Oil and Gas

News provided by

Honeywell

Sep 17, 2014, 04:54 ET

HOUSTON, Sept. 17, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) Process Solutions today announced the release of Digital Suites for Oil and Gas, a set of software and services that can help oil and gas producers boost production performance by 3 to 5 percent while improving operational safety.

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The offering, which has been validated through customer testing, allows oil and gas producers to turn data into digital intelligence that helps operators make critical decisions faster by capturing, managing and analyzing the right production information at the right time.

"Upstream oil and gas producers tell us they have access to more real-time data than ever, but access to that data alone is not enough to improve performance – they also need digital intelligence to make sense of all the data being collected," said Ali Raza, vice president and general manager, Honeywell Process Solutions. "By using these new tools, operators can get better productivity, higher uptime and more efficient remote operations, and they can produce a return on investment in as little as six months."

Honeywell leveraged its extensive experience in the oil and gas and related industries to develop this unique suite of solutions specifically designed for upstream operations. Digital Suites for Oil and Gas is designed to ensure that essential safety procedures perform as designed, operators are fully trained, alarms are managed and enforced, and production performance is instantly available to detect and mitigate unexpected events.

The solutions make collaboration through remote operations a reality, helping improve the safety of personnel, especially as upstream oil and gas production moves farther offshore and environmental conditions grow more risky.

Digital Suites for Oil and Gas is a fully integrated offering, but each suite is also available separately, letting customers address the specific issues they face. The six suites are: Operational Data; Process Safety; Production Surveillance; Equipment Effectiveness; Production Excellence; and Operational Performance.

The new offerings combine Honeywell's field-proven technologies with new software and implementation methodologies delivered through its new oil and gas center of excellence, which was recently established to better serve Honeywell's customers in the upstream oil and gas industry.

Digital Suites for Oil and Gas works seamlessly with Honeywell's complete line of integrated control and safety systems, instrumentation, and industrial products, and can be easily integrated into any multi-vendor environment.

For further information, please visit Digital Suites for Oil and Gas on www.honeywellprocess.com

Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. Process Solutions is part of Honeywell's Performance Materials and Technologies strategic business group, which also includes UOP, a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywellnow.com.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/players/English/7322551-new-honeywell-digital-suites-for-oil-and-gas-capture-data-more-efficiently/

Contact:
Don Empie
+1 832 252 3619
[email protected]

SOURCE Honeywell