ABB Ltd
13 December 2002
ABB wins US$ 34 million contract to work on world's largest oil pipeline
Industrial IT control and safety systems for 1,760-kilometer project from
Azerbaijan to Turkey
Zurich, Switzerland, December 13, 2002 - ABB, the leading power and automation
technology group, said today it has won a US$ 34 million contract to supply
control and safety systems for the world's longest oil pipeline, running from
Azerbaijan to Turkey.
The new systems are based on ABB's Industrial IT technology, which links
products and services with the information needed to run, service and maintain
them. The construction consortium, BTC, will be able to control operations at
both ends of the pipeline, which are 1,760 kilometers apart and in different
countries.
'A cross-border technology solution is needed to make sure this extremely
complex pipeline runs efficiently,' said Dinesh Paliwal, head of ABB's
Automation Technologies division. 'Our Industrial IT platform is unique in that
it handles both process and safety control in one system, rather than with
separate systems as is done traditionally. This is important to ensure pipeline
efficiency, as well as environmental and personal safety.'
Construction of the US$ 2.9 billion underground pipeline will start next year
and is due to be completed in 2005. When commissioned, it is expected to carry
one million barrels of oil a day from Sangachel on Azerbaijan's Caspian coast,
through Georgia to a new marine terminal at Ceyhan on Turkey's southern
Mediterranean coast.
Under the terms of the contract, ABB will supply, install and commission
integrated control and safety systems to provide operational control, emergency
shutdown options, and fire and gas monitoring of the pipeline, a marine terminal
and two offshore production platforms.
The work includes remote-controlled subsystems to isolate sections of the
pipeline for regular inspection and maintenance. The pipeline will be linked
over its entire length by a fiber optic telecommunications backbone. Associated
field instrumentation includes transmitters and ultrasonic flow metering for the
terminal, valve and pumping stations.
ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in more than 100
countries and employs about 146,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.