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Yokogawa signs FPSO agreement with BP Angola

09/03/2008

Yokogawa Electric Corporation has announced that Yokogawa Engineering Asia Pte. Ltd. and Yokogawa Europe Branches B.V. Sucursal De Angola have concluded a Frame agreement with BP Exploration (Angola) Limited for its Floating Production Storage and Offloading (FPSO) Program in Angola.

Under the terms of the agreement, Yokogawa will provide project management, engineering, operation and maintenance services for an integrated control and safety system (ICSS). Specific products to be supplied for this ICSS include the CENTUM VP Integrated Production Control System, ProSafe-RS Safety Instrumented System, Exaquantum integrated information system, and OmegaLand operator training system. The ICSS will provide fully integrated and seamless control and safety functions for the subsea, marine, hull and topside facilities of FPSO vessels along with a single interface allowing operators to start, control, and monitor all facilities from a central control room. This project fully leverages the potential benefits of global collaboration. Foundation fieldbus technology will be used to enable highly advanced diagnostics.

BP Angola is currently considering the development of up to four additional offshore oil fields. "Yokogawa is extremely honored to be the main automation contractor for this major program." said Teruyoshi Minaki, director and executive vice president of the International Business Headquarters. "Yokogawa will deliver reliable upstream automation solutions employing its Leading Edge Technology for BP's program. We are looking to develop and strengthen our long-term performance-based relationship with BP.”

The award of this contract to Yokogawa follows an intensive year-long evaluation by BP Angola. This is Yokogawa's largest project in Africa. The company will fully utilize Angolan resources to contribute to the country and meet Angolan content requirements.