|
|
|
LANDMARK AND PETROBRAS IN COLOMBIA SIGN AGREEMENT FOR E&P DATA MANAGEMENT RATIONALIZATION AND INTEGRATION
-Agreement designed to increase integration of drilling, production and E&P systems-
DALLAS, TX - Landmark Graphics Corporation, a wholly owned business unit of Halliburton Company (NYSE: HAL), today announced that during the second quarter, it signed an agreement with Petrobras in Colombia to rationalize data management and information sharing and transfer. The agreement is specifically designed for the increased integration of drilling, production and exploration and development systems through effective implementation of Landmark technologies and business processes.
"Ultimately, the increase in integration is designed to help Petrobras in Colombia achieve its production goal over the next three years," said John Gibson, Landmark's president and CEO. "With this agreement, Landmark will deliver its experience in project management and help Petrobras in Colombia meet its business objectives of increasing production and reserves. Landmark will assist Petrobras in Colombia in the deployment of integrated technologies that will serve as the foundation for inter-disciplinary processes."
"Integrated processes, people and data supported by the adequate technology and infrastructure will help Petrobras in Colombia reduce the data processing cycle time and thus, increase productivity. Because of this agreement with Landmark, we expect to accomplish the objective of continuing the growth in our Colombia operation and meet our business objectives at a lower cost. This type of engagement with Landmark will allow our entire team to work more
effectively," said Renilton Brandao, new technologies advisor for Petrobras in Colombia.
Brandao continued, "Our operations are growing substantially in Colombia with a vision of becoming the second largest producer in the country. To successfully grow the company, we realized early on that a fundamental change was required in the way we do business. This included not only the implementation of integrated technologies but also integrated data, people and processes. The delivery of a complete solution across all systems is key to our combined efforts."
According to Jorge Machnizh, Landmark's vice president for Latin America operations, "Our goal is to help Petrobras in Colombia improve risk assessment and speed up their decision-making process through a thorough understanding of their business objectives. Through this agreement, we will assist them in transforming this into greater productivity at a lower operational cost."
Landmark is the leading supplier of integrated E&P technical and economic software and services to support decision making about finding, drilling and producing oil and gas. Knowledge-based E&P companies now are turning to Landmark for technical-to-business (T2B™) process integration for improving returns on their investments. Visit the Landmark Web site at www.lgc.com.
Founded in 1919, Halliburton Company is the world's leading diversified energy services, engineering, energy equipment, construction and maintenance company. In 1999, Halliburton's consolidated revenues were $14.9 billion, and it conducted business with a workforce of approximately 100,000 in more than 120 countries. The company's Web site can be accessed at www.halliburton.com.
Petrobras, headquartered in Rio de Janeiro, is one of the world's largest twenty major oil companies conducting business is the areas of exploration, production, refining and distribution and marketing of oil products. The company is a recognized leader in the development and application of deepwater exploration and production technology. Visit the Petrobras Web site at www.petrobras.com.br.
Contact
Rod Hotz
Landmark Graphics Corporation
(p) 281.368.5766
rhotz@lgc.com
Back to Top
| |
|
