Under the terms of a recently signed five-year, $50 million contract, Invensys Process Systems (IPS) will provide safety services and solutions to Petrobras, the international energy company based in Rio de Janeiro, Brazil, and one of the world's largest companies.

Under the terms of the contract, IPS 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, the Plano, Texas-based technology, software and consulting firm will supply engineering, systems integration and consulting services.

IPS has provided products and services to Petrobras for more than 50 years.