Emerson Secures Metering Management Services Contract with Nexen

Five-year contract covers metering management services for Nexen’s UK operations

AUSTIN, Texas (August 24, 2016) -- Nexen Petroleum U.K. Limited, a wholly-owned subsidiary of CNOOC Limited, has awarded Emerson (NYSE:EMR) a new five-year contract to provide metering management services for Nexen’s UK operations. The work will be managed from Emerson’s new Solutions Center in Aberdeen.

Emerson will provide onshore metering engineers and offshore metering and analyzer technicians for Nexen’s UK offshore facilities. The Emerson experts will be responsible for validating and reporting measurement data and metering, sampling, analytical and test equipment, as well as supporting all offshore metering maintenance and verification activities.

“For oil and gas companies, the accuracy and integrity of their fiscal and custody transfer metering systems are critical for customer confidence,” said Roel van Doren, president of Emerson Process Management Europe. “This contract builds on our proven success in helping companies achieve those objectives – while also continually reducing their metering costs.”

Metering systems provide accurate, reliable measurements essential for fiscal accounting, custody transfer and taxation purposes. Emerson’s metering management services help increase confidence in the accuracy of measurement equipment so oil companies can maximize production revenues.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2015 were $22.3 billion. For more information, visit www.Emerson.com.