Major petroleum company standardizes on Matrikon control asset optimization solution

Highlights
- Major petroleum company standardizes on full ProcessDoctor(TM) suite:
- ProcessDoctor PID for regulatory control performance assessment and
monitoring, which helps plant personnel focus on priority issues
based on economic impact
- ProcessDoctor MPC (Model Predictive Control) for advanced control
performance assessment and monitoring, which helps to ensure that
investments in advanced control technology continue to perform over
the long term
- ProcessDoctor Tai Ji for automated step testing and model
identification, which reduces test time by up to 70%

Matrikon Inc. (TSX:MTK) today announced that a
major international petroleum company has standardized on ProcessDoctor,
Matrikon’s solution for auditing, monitoring and optimizing the assets that
control plants for all 16 of their refineries and gas plants. The roll-out of
the technology has already begun with one refinery being fully commissioned
and two more with plans for immediate deployment.
Mike Brown, Matrikon’s vice president of technology commented: “We are
pleased that ProcessDoctor was chosen as best in class following a thorough
evaluation by the petroleum company, which included testing available control
performance technology from a number of vendors. Working with one of the
world’s largest crude oil producers will help to further institutionalize this
technology and to move other opportunities in the petroleum industry forward.”
ProcessDoctor is an asset management solution for plant automation assets
and process control systems. Process control performance significantly impacts
overall plant performance and optimized process control performance can
deliver productivity gains of 5 to 10%. Process control maintenance costs can
be reduced by up to 50% through the automated reporting and analysis of the
condition-based maintenance requirements. ProcessDoctor is the only unified
process control monitoring platform for detecting and prioritizing problems,
benchmarking and improving control performance and reducing maintenance costs
through a condition-based approach, at all levels of automation.

About Matrikon

Matrikon (www.matrikon.com) is a leading provider of integrated
industrial intelligence solutions that enable manufacturing plants to achieve
operational excellence by transforming production data into knowledge to
predict and prevent problems and optimize operations. With offices in major
cities throughout North America, Australia, Europe and the Middle East and a
global client base including industry leaders in a wide range of process
industries, Matrikon’s reach is global.