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HALLIBURTON, LANDMARK GRAPHICS AND ACCENTURE OPEN THE ENERGY INDUSTRY'S FIRST REAL-TIME ASSET MANAGEMENT CENTER
-Breakthrough technology makes the web-enabled oil field a reality-
Dallas, Texas - Halliburton (NYSE: HAL), Landmark Graphics Corporation, a wholly owned business unit of Halliburton, and Accenture announced today at the 2002 Offshore Technology Conference, the opening of the industry's first real-time Asset Management Center (AMC) in Houston, Texas. The AMC is a state-of-the-art laboratory and demonstration facility that shows how today's oil company partnership operations and integrated asset teams can achieve higher production rates and improve asset P/L's through utilization of breakthrough technology in field automation, systems integration and immersive visualization. This combination makes real-time asset management and the Web-enabled oilfield a reality.
"We are excited to be opening this center with our alliance partner Accenture," said John Gibson, president of Halliburton Energy Services. "Halliburton and Landmark are in the forefront of web-enabled oilfield innovation and development. Paired with Accenture, we are developing the processes and demonstrating workflows that provide competitive advantage for today's leading edge asset management teams," he added.
In the facility, real-time data from field operations is integrated with stored reservoir model data in a secure, multi-client hosting center. Centralized data and application hosting provides support for knowledge sharing and teamwork between asset team members, partners and service companies working across immersive visualization rooms, partnership operations, remote office and home/hotel locations to radically decrease cycle time and improve profitability of the producing asset.
"Landmark is committed to enabling real-time asset management for our clients and making the vision of the Web-enabled oilfield a reality. We firmly believe that this will have a huge impact on lowering finding and lifting costs and maximizing the value efficiency of our clients' assets," said Andy Lane, president and CEO of Landmark Graphics. "This center is a proof point for the future of the industry. The really exciting thing, however, is that everything we're showing in the AMC is based on technology that exists today."
"The AMC offers clients the opportunity to see what these technologies can bring to their businesses," said Bill Warren, Accenture's managing partner for its upstream practice. "For energy companies who seek to manage their intellectual capital more effectively, the combination of Halliburton, Landmark and Accenture can help lead them into the Web-enabled oilfield era."
Accenture is the world's leading provider of management and technology consulting services and solutions, with more than 75,000 people in 46 countries delivering a wide range of specialized capabilities and solutions to clients across all industries. Accenture operates globally with one common brand and business model designed to enable the company to serve its clients on a consistent basis around the world. Under its strategy, Accenture is building a network of businesses to meet the full range of any organization's needs -- consulting, technology, outsourcing, alliances and venture capital. Its Web site is www.accenture.com.
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 enables customers to optimize 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.
Contact
Beverly Scippa
beverly.scippa@halliburton.com
Halliburton
(p) 713.676.7926
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
kbr_supplier_relations@halliburton.com
Supplier Diversity Contact
Erin Petkovich
supplier_diversity@halliburton.com
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