Landmark deal for Kazakhstan National Data Bank
Posted: 13 October 2003
Proven PetroBank solution to meet E&P data management
needs for Kazakh oil and gas industry
Landmark Graphics Corporation, a wholly owned business unit of Halliburton,
announced today the signing of agreements between Geology and Subsoil
Protection Committee of the Ministry of Energy and Mineral Resources
of Kazakhstan Republic and numerous oil companies that operate in
the region for entry into the Kazakhstan National Data Bank.
The companies who signed agreements are the following: Agip KCO,
Avery Worldwide Ltd (Yukos, Kazakhstan), CNPC Aktobemunaigas, First
International Oil Company, Karachaganak Petroleum Operating (KIO),
Kazgermunai, Kazmunaigaz, PetroKazakhstan Kumkol Resources and Petrom.
Landmark Graphics together with Kazakh Oil and Gas Institute were
chosen as the National Data Bank operators for oil and gas projects
of Kazakhstan earlier this year.
"We are very pleased about the prospect of providing National
Data Bank support for the Kazakh Government and the oil and gas
industry," said Andy Lane, president and CEO of Landmark Graphics.
"Current National Data Bank operations in locations such as
Norway, Brazil and the UK provide efficient management and access
to extraordinary amounts of E&P data. We are excited that the
companies that have signed to be part of the Kazakhstan National
Data Bank appreciate the value proposition from cost efficiencies
and cycle-time reduction, to better data quality and safe and reliable
management of country data assets."
"National Data Bank is a good example of advantageous cooperation
between state authorities and oil companies and is one of the priorities
of oil and gas industry development of Kazakhstan," said Bulat
S. Uzhkenov, Chairman of the Geology and Subsoil Protection Committee
of the Ministry of Energy and Mineral Resources of the Republic
of Kazakhstan.
By combining PetroBank Master Data Store technology with data management
services, Landmark provides customized solutions to meet specific
global needs.
Landmark's national data banks manage data across the E&P lifecycle
from 2D and 3D seismic to many types of well-based data. Globally,
several hundred terabytes of E&P data are currently being managed
within Landmark banks.
Web-based interfaces to GIS capabilities provide simplified access
to stored data and integration to desktop technical portals.
"Optimisation of E&P work processes such as prospect generation
and field development planning depends upon efficient access to
high-quality data," said Murray Roth, executive vice president,
Landmark Marketing and Systems Group. "National Data Banks
have been shown to dramatically reduce the cycle-time for requesting
and acquiring seismic data volumes. Delivering this data in project-ready
formats for applications like SeisWorks or GeoProbe enables our
customers to focus on high-value E&P activities, rather than
low-value data searching and conversion."
Signing of these contracts during the KIOGE-2003 exhibition is a
logical extension of the previous agreement between Landmark Graphics
and the Ministry of Energy and Mineral Resources of Kazakhstan Republic
that was concluded in February this year and focused on implementation
of a National Data Bank (NDB) operation for exploration and production
data using Landmark's PetroBank technology, the most advanced multi-client
data management system in the industry.
Landmark Graphics 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 optimise their technical,
business and decision processes.
Visit the Landmark Web site at www.lgc.com
for more information.
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 Group and Engineering and
Construction Group business segments. The company's World Wide Web
site can be accessed at www.halliburton.com.
Posted by Richard Price,
Editor Pipeline Magazine
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