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Statoil contracts Landmark for global technology & services
(4/27/2004 - OGI: Houston) Halliburton's Landmark Graphics reported today
that it has been awarded a multi-million dollar, five-year technology and
services agreement by Statoil. The agreement provides solutions for prospect
generation, field development planning, as well as drilling and completions,
giving Statoil access to industry leading integrated technologies and E&P
workflows across their company. This agreement represents an expansion of
both technology and services over a prior five year agreement between these
two companies.
"Statoil's aim with this award is to maximize operational effectiveness
through improved integration of all available data and enable closer
collaboration between all disciplines involved," said Sjur Talstad, senior
vice president Exploration & Reservoir Technology. "Landmark products are at
the cener of our integration strategy. The continuation of using the
Landmark software and services stimulates the involvement of all parts of
the interdisciplinary asset team, and will keep focus on complex decision
support."
Statoil contracted Landmark's OpenWorks project database as the foundation
of its integrated information management strategy five years ago. This
latest agreement is expected to build upon that foundation with a broad
range of Landmark's prospect generation and field development software to
support the company's exploration and development activities. Landmark is
also to provide service support to ensure that Statoil's E&P specialists are
able to extract maximum value from this technology investment.
Murray Roth, Landmark's executive vice president, Marketing and Systems,
said, "As a result of this agreement, Statoil will benefit from full
integration of subsurface and drilling software technology for all of its
domestic and international divisions, allowing cross-disciplinary access to
shared data and applications, and enabling technical specialists to optimize
their knowledge resources to assist with risk-based decision making."
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