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NEWFIELD EXPLORATION ADOPTS FULL SUITE OF LANDMARK SOFTWARE, SERVICES AND SUPPORT
-Technology agreement is key to achieving competitive advantage in finding oil and gas -
HOUSTON, Texas - Landmark Graphics Corporation, a wholly owned business unit of Halliburton (NYSE: HAL), announced today that Newfield Exploration (NYSE:NFX) has signed a global multiyear technology agreement to adopt Landmark's current suite of geological and geophysical software products and support services. The agreement also calls for Landmark to work with Newfield on improving their data analysis and data integration capabilities.
"In today's world, it's becoming increasingly more difficult to find hydrocarbons. Many of our producing basins are very mature and we need continued improvements in technology to find new prospects," said Elliott Pew, Newfield's vice president of Exploration. "Our use of Landmark products and services gives us an edge and are valuable tools for our geoscientists throughout the company."
Landmark's exploration technology is now fully accessible to Newfield's geoscience team based in Houston, London, Perth and Tulsa. Newfield's Houston and Tulsa offices are supported by full-time Landmark onsite technical consultants. Landmark is working closely with Newfield's asset teams to accelerate and optimize their uptake of the technology through customized training programs, one-on-one mentoring and seminars.
"We are excited about working more closely with Newfield in providing their explorationists with greater technology access and assisting them in workflow optimization," said Andy Lane, Landmark president and CEO. "This agreement will enable Newfield's staff to adopt Landmark software and services technology at a faster pace while maintaining its competitive advantage in oil and gas exploration and production."
Newfield Exploration is an independent crude oil and natural gas exploration and production company. The Company has a solid asset base of producing properties and exploration and development drilling opportunities in the Gulf of Mexico, along the U.S. Onshore Gulf Coast, in the Anadarko and Permian Basins, offshore Australia and in China's Bohai Bay. Newfield balances its drilling program with acquisitions in select areas in the U.S. and overseas.
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. 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.
EDITOR'S NOTE: Landmark and the Landmark logo are trademarks or registered trademarks of Landmark Graphics Corp.
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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