Honeywell Wins $60 Million Contract to Modernize Algeria RefinerySource: www.gulfoilandgas.com 12/15/2004, Location: Africa
PHOENIX, Dec. 14, 2004 - Honeywell today announced it has received a $60 (U.S.) million contract from Algerian oil company Naftec Spa for an automation project at its refinery in Arzew, Algeria.
Honeywell will modernize the refinery's instrumentation systems with the goals of improving production and optimizing operational efficiency. The Honeywell technology and equipment upgrades will give operators greater visibility into plant-wide operations and help them make business decisions quickly. Honeywell project engineering and construction services will help the plant to maintain a safe and consistent operating environment throughout the project. The multi-phase project is scheduled to begin in early 2005 and will be completed by 2009.
"Honeywell won this project because the company understands our business needs and objectives and has extensive experience working with the petrochemical industry," said M. Djellout, Director of Development, Naftec. "We know Honeywell will deliver reliable technology solutions that will help us achieve our production goals without compromising the safety of our workers or slowing down operations."
Under the terms of the contract, Honeywell will install its Experion™ Process Knowledge System (PKS), field instrumentation systems, an advanced process control system, a training simulator and a centralized control room. The automation project will enable the Arzew refinery to upgrade existing controls and maintain normal plant operations.
"Oil companies choose to upgrade their control systems because they can achieve better returns on their investments and avoid the high costs involved in replacing equipment," said Jack Bolick, president, Honeywell Process Solutions. "Honeywell is pleased to offer Naftec this opportunity to boost productivity, improve worker efficiency and enhance plant safety."
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