Repsol Selects Emerson for Multi-Year Exploration Technology Contract
March 27 2018 - 9:00AM
Business Wire
Global energy company standardizes on Emerson’s
Exploration & Production software suite for maximum production
efficiencies
Emerson (NYSE: EMR) announced today
it has signed a multi-year contract with Repsol to provide its
Paradigm® Exploration & Production (E&P) software
suite across all Repsol global
exploration operations to help identify and evaluate new and
existing opportunities more accurately.
“Implementing Emerson’s E&P software suite across our global
exploration program will increase efficiencies, reduce costs and
improve our understanding of the subsurface,” said Agustin Diz,
director of Exploration Petrotechnical Services of Repsol.
“Following a thorough evaluation, our decision was based on a
combination of an outstanding technical offering, a flexible
commercial agreement, and Emerson’s willingness to provide close,
on-site support.”
Repsol will leverage Emerson’s E&P software suite, part of
the company’s automation technologies and consulting services. The
E&P software is designed to help operators increase
efficiencies and achieve Top Quartile performance on investment and
operational goals within new and established oil and gas
reservoirs. Top Quartile performance is defined as achieving
operations and capital performance in the top 25 percent of peer
companies.
“Emerson’s E&P Software business is focused on helping
innovative technology leaders like Repsol extract the greatest
value from their field assets,” said Mike Train, executive
president, Emerson Automation Solutions. “We’re proud to
collaborate with Repsol to provide their geoscientists the insights
they need to find oil and gas and boost the bottom line.”
Emerson’s Paradigm software solution suite at Repsol includes
seismic and quantitative seismic interpretation, petrophysical
analysis, subsurface modeling, and data management.
Emerson acquired Paradigm in December 2017.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA),
is a global technology and engineering company providing innovative
solutions for customers in industrial, commercial, and residential
markets. Our Emerson Automation Solutions business helps process,
hybrid, and discrete manufacturers maximize production, protect
personnel and the environment while optimizing their energy and
operating costs. Our Emerson Commercial & Residential Solutions
business helps ensure human comfort and health, protect food
quality and safety, advance energy efficiency, and create
sustainable infrastructure. For more information visit
www.Emerson.com.
Additional resources:
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For EmersonDenise Clarke,
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