Emerson 2005 Annual Report Download - page 20

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“ Resources for
the world...”
1 0 E M E R S O N 2 0 0 5
We are continually reminded that the world’s
resources are finite and in some cases scarce. To
meet the projected oil and gas demand in 2015,
the industry will have to increase production by the
energy equivalent of about 100 million barrels of oil
a day, which is equal to about 80 percent of today’s
production levels. As populations grow and shift, new
and more efficient supplies of vital energy resources
must be developed to support continued commercial
development and meet ever-increasing demand.
Where resources are limited, companies are
seeking new ways to extract more value from the
available resources. Several Emerson businesses,
for example, are protecting assets and optimizing
productivity in refining and the production of oil and
gas. And the increasing demand for reliable electric
power around the world is driving the need for
additional power-generating capacity on a global basis.
Emerson is there to support these customers, anywhere
in the world, as they upgrade existing facilities or
construct new ones.
Emerson Process Management plays a critical role
in the mining of nickel and cobalt in Western Australia.
Emerson solutions like PlantWeb® architecture are
at the core of an innovative digital communications
approach that uses “smart” instruments to optimize
the performance of the largest mineral-processing
installation of its kind.
The rising demand for oil and gas has also
accelerated the pace of both traditional and new
methods of extracting usable oil. One example,
highlighted on the next pages, is the Canadian oil sands,
once considered only a difficult alternative choice to
conventional development. Canada’s oil sands contain
the second-largest known deposits of oil in the world,
so finding the resource was relatively simple. Extracting
oil from the deposit in a cost-effective way, however,
has been the challenge. Leveraging Emerson’s unique
leadership role and expertise, we are now helping to
solve this challenge. With innovative process industry
technologies, we are meeting the new demand for
these and other resources for the world.