Repsol Selects Emerson for Multi-Year Exploration Technology Contract

March 27, 2018

Global energy company standardizes on Emerson’s Exploration &
Production software suite for maximum production efficiencies

HOUSTON–(BUSINESS WIRE)–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.

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