Invensys Signs $50M Contract with Petrobras

Invensys Process Systems (IPS) has signed a five-year, $50 million contract to provide safety services and solutions with Petrobras. Under the terms of this contract, the company will implement its Triconex safety and critical controls and Avantis asset management technology to upgrade and modernize 11 Petrobras refining facilities throughout Brazil. Along with its proprietary technology, IPS will also supply engineering, systems integration and consulting services.