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LANDMARK GRAPHICS SIGNS AGREEMENT WITH THE MINISTRY OF ENERGY OF KAZAKHSTAN TO DEVELOP AND IMPLEMENT NATIONAL DATA BANK OPERATION
- Company to develop data management operation using Landmark's market-leading PetroBank technology -
HOUSTON, Texas - Landmark Graphics Corporation, a wholly owned business unit of Halliburton (NYSE: HAL), announced today the signing of an agreement with the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan. The agreement calls for the design, development and implementation of a National Data Bank (NDB) operation for exploration and production (E&P) data using Landmark's PetroBank™ technology, the most advanced networked multi-client data management system in the E&P industry.
"The agreement with Landmark gives Kazakhstan an opportunity to create a quality-controlled and highly secure database for the management of its national asset of oil and gas data and to establish a government-industry National Data Bank operation similar to other successful PetroBank based multi-client operations in countries such as the United Kingdom, Norway and Brazil," 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. "We are confident that the NDB will increase the effectiveness of the Kazakhstan E&P industry by providing secure online access to high quality data and knowledge. The NDB will serve as a national archive and by its nature attract inward investment."
"Kazakhstan is rapidly becoming a major producer and exporter of hydrocarbons," said John Gibson, president and CEO of Halliburton Energy Services. "The Ministry's decision to leverage Landmark's data management solutions and experience is an indication of the confidence that they have in the direction that we are taking the PetroBank data hosting and management services."
"Landmark is pleased that the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan selected Landmark's PetroBank services to establish its National Data Bank operation. The installation and use of PetroBank will provide an opportunity for data management specialists in Kazakhstan to extend their expertise in E&P information management through implementation of Landmark's best-in-class technology," said Andy Lane, Landmark's president and CEO.
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.
Landmark, the Landmark logo and PetroBank, are trademarks or registered trademarks of Landmark Graphics, Corp. All other trademarks, service marks and product or service names are the trademarks or names of their respective owners.
Contact
Beverly Scippa
beverly.scippa@halliburton.com
Halliburton Public Relations
(p) 281.988.2562
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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