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ITS SIGNS AGREEMENT WITH LANDMARK GRAPHICS
- Software and services agreement key to improved productivity for Pemex -
HOUSTON, Texas - Landmark Graphics Corporation, a wholly owned business unit of Halliburton (NYSE:HAL), today announced that it has signed a five-year technology agreement with Integrated Trade Systems, Inc. (ITS), an agreement that will benefit PEMEX, Mexico's National Oil & Gas Company. The agreement includes a broad range of Landmark's prospect generation and field development software that will support the exploration and development activities of PEMEX. A key component of this agreement is the provision of broad Landmark service support, to ensure that PEMEX E&P specialists are able to extract maximum value from this technology investment.
"We are very pleased with the confidence that ITS has shown through this award in Landmark's ability to deliver value and service quality," said John Gibson, president and CEO, Halliburton Energy Services. "This Landmark agreement expands upon the 50-year strong relationship that Halliburton has developed with PEMEX and we are proud to continue this great partnership.
"This contract expands upon a valuable relationship that combines PEMEX's expertise in finding and producing oil and gas with Landmark's industry-leading integrated software and consulting services," said Andy Lane, president, Landmark. "This agreement further enhances our relationship and lays a common foundation for Landmark to provide its leading-edge software technology to meet PEMEX's long-term exploration and production needs."
ITS, wholly owned by Petróleos Mexicanos (PEMEX), and incorporated in 1994 in the state of Delaware, provides integrated international procurement services to the five entities of PEMEX in Mexico.
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 and the Landmark logo 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) 713.759.2601
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