Landmark
awarded five-year global technology and services agreement by Statoil
Posted: 27 April 2004
Statoil standardises on integrated Landmark solutions
Landmark Graphics Corporation, a wholly owned business unit of
Halliburton, announced today that it has been awarded a multi-million
dollar, five-year technology and services agreement by Statoil.
The agreement provides solutions for prospect generation, field
development planning as well as drilling and completions, giving
Statoil access to industry leading integrated technologies and E&P
workflows across their company.
This agreement represents an expansion of both technology and services
over a prior five year agreement between these two companies.
"Statoil's aim with this award is to maximize operational
effectiveness through improved integration of all available data
and enable closer collaboration between all disciplines involved,"
said Sjur Talstad, Senior Vice President Exploration & Reservoir
Technology. "Landmark products are at the centre of our integration
strategy.
The continuation of using the Landmark software and services stimulates
the involvement of all parts of the interdisciplinary asset team,
and will keep focus on complex decision support."
Landmark successfully implemented its OpenWorks project database
as the foundation of an integrated information management strategy
for Statoil five years ago.
This latest agreement builds upon that foundation and includes
a broad range of Landmark's prospect generation and field development
software that will support the exploration and development activities
of Statoil.
Landmark will also provide service support to ensure that Statoil's
E&P specialists are able to extract maximum value from this
technology investment.
"Landmark is pleased to extend our strong relationship with
Statoil," said Andy Lane, president, Landmark. "Furthermore,
we are delighted to play such a critical role in helping Statoil
succeed in their strategy to maximize operational effectiveness
across their asset teams while continuing to expand operations internationally."
"Statoil's decision to expand upon its agreement with Landmark
clearly demonstrates the value that it places on Landmark's best
in class technology and our ability to help them achieve world class
performance," said Murray Roth, Executive Vice President, Marketing
and Systems. "As a result of this agreement, Statoil will benefit
from full integration of subsurface and drilling software technology
for all of its domestic and international divisions, allowing cross-disciplinary
access to shared data and applications, and enabling technical specialists
to optimize their knowledge resources to assist with risk-based
decision making."
Landmark is the leading supplier of software and services for the
upstream oil and gas industry. The company's software solutions
span exploration, production, drilling, business decision analysis
and data management. Landmark offers a broad range of consulting
services that enable customers to optimize their technical, business
and decision processes.
For more information see www.lgc.com
Halliburton, founded in 1919, is one of the world's largest providers
of products and services to the petroleum and energy industries.
The company serves its customers with a broad range of products
and services through its Energy Services and Engineering and Construction
Groups.
For more information see www.halliburton.com
Posted by Richard Price,
Editor Pipeline Magazine
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