Elsag Bailey Commences Off-Shore Commissioning of Automation Systems For Canada's Largest Oil Platform.ONTARIO, Canada--(BUSINESS WIRE)--Aug. 18, 1997-- Elsag Bailey Process Automation N.V. (NYSE NYSE See: New York Stock Exchange :EBY EBY Ente Binacional Yaciretá (Argentina-Paraguay) ) announced today it has entered the off-shore commissioning phase at the massive Hibernia drilling and production platform, located about 180 miles off the coast of Newfoundland. The new platform -- Canada's largest -- will be controlled by the company's automation systems through a $20 million project by Elsag Bailey (Canada), Inc. The Elsag Bailey project encompasses automation systems for oil drilling and production, process shutdown, fire and gas detection, heating, ventilation and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , crude oil metering, plus supervisory control Supervisory control is a general term for control of many individual controllers or control loops, whether by a human or an automatic control system, although almost every real system is a combination of both. of the emergency control system. In concert with two Canadian partners, Elsag Bailey is also providing a land-based, high-fidelity simulator for operator training and certification plus development of new control strategies. The company's systems will manage a database totaling about 20,000 I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output (input/output) points. The Hibernia platform commenced drilling ahead of project schedule in late July, following a seven-year engineering, construction, and installation phase. During the subsequent off-shore commissioning period, Elsag Bailey will provide a variety of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. through 1998, including systems and technical support, facilities engineering The term "facilities engineering" evolved from "plant engineering" in the early 1990s as U.S. workplaces became more complex. Practitioners preferred this term because it more accurately reflected the multidisciplinary demands for specialized conditions in a wider variety of indoor , and upgrading of simulator systems to meet new platform configurations. The Hibernia platform is operated by Hibernia Management and Development Company for a consortium of five oil companies, plus the Canadian government. The $4.2 billion Hibernia project was implemented to tap off-shore oil reserves estimated at 615 million barrels recoverable. The new platform, with a capacity of 135,000 bbls/day, is expected to provide 10% of Canada's light oil production by the year 2001. One of the world's leading process automation companies, Elsag Bailey Process Automation N.V., headquartered in the Netherlands, has nearly tripled its revenues in three years through acquisitions and by aggressively expanding its global markets through over 45 operating units. Elsag Bailey's products -- computerized systems which control process manufacturing, instrumentation products which report measurements from the plant floor, and analytical products which measure the efficiency of process manufacturing operations -- keep its customers on the cutting edge of productivity. Elsag Bailey global customers are among the leading names in a wide range of process industries including electric utilities, oil and gas, chemicals and pharmaceuticals, pulp and paper, water and wastewater, metals and ceramics, and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. . For copies of additional press releases or quarterly reports, call Elsag Bailey's Fax-on-Demand service at 1-888-329-2311, or visit the Company's web site at www.ebpa.com. Requests for information can also be made via e-mail at www.investorinfo@bailey.com . NOTE TO EDITORS: There is an "at" symbol following "investorinfo" and "robert.loeffler" in the following e-mail addresses. This symbol may not appear properly in some systems. CONTACT: Elsag Bailey Christopher M. Farage Ph.D., 216/585-8675 Director, Investor Relations Investor relations The process by which the corporation communicates with its investors. investorinfo@bailey.com or Robert H. Loeffler, 216/585-6826 Manager, Media Relations robert.loeffler@bailey.com |
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