A2D Technologies and Anadarko Sign Multimillion-Dollar Agreement for Well Log Data Services.Business/Energy Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--July 30, 2001 A2D A2D Analog To Digital Technologies, a petroleum well log data, software and data management services company, and Anadarko Petroleum Corporation Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with 2.37 billion barrels of oil equivalent (BOE) of proved reserves and a production of 190 million BOE in 2004. Ranked No. (NYSE NYSE See: New York Stock Exchange :APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ) announced today a multi-year, multimillion-dollar agreement that will give Anadarko's onshore exploration division unlimited access to A2D's LOG-LINE(R) well log data. This agreement extends A2D's similar relationship with Anadarko's offshore exploration division. "This agreement demonstrates the positive and productive relationship between Anadarko and A2D," said Bob Daniels, Anadarko manager of onshore exploration. "Our offshore exploration group has had great success in gaining quality digital well log data from unlimited access to A2D's LOG-LINE, and we wanted our onshore division to enjoy those same benefits." Anadarko is also partnering with A2D to increase the data coverage in LOG-LINE. A2D is continually expanding its LOG-LINE database, which now contains data from more than 260,000 wells in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east (complete coverage of both shelf and deepwater), Gulf Coast, Permian Basin The Permian Basin is a sedimentary basin largely contained in the western part of the U.S. state of Texas. It reaches from just south of Lubbock, Texas, to just south of Midland & Odessa, extending westward into the southeastern part of the adjacent state of New Mexico. , Rocky Mountains and Mid-Continent. "We are pleased to be providing our LOG-LINE services to both the onshore and offshore divisions of Anadarko," said Dave Kotowych, co-founder and president of A2D. "We strive to provide the highest quality well log data available, and our relationship with Anadarko supports our efforts to improve exploration efficiencies." A2D's LOG-LINE is the first system to deliver well log data instantly from the Internet to a geologist's workstation, and was designed to help geologists and explorationists use their time and resources more efficiently. LOG-LINE's downloadable public well log data can be accessed via the A2D Web site at www.a2d.com. Formats available include vector files (LAS), image and smartRASTER(R) files. The quick access to these files eliminates traditional time delays in locating and obtaining data. Large volumes of data and basin-wide data sets are available on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). or through secure FTP sites. About A2D Technologies Founded in 1993, Houston-based A2D Technologies pioneered providing high-quality well log data instantly over the Internet when it created LOG-LINE. The company offers a one-of-a-kind integrated solution for well log data sourcing, data management and interpretation with smartSECTION(R), a geologic software productivity tool. Today, A2D provides and manages the industry's largest electronic source of well log data from more than 260,000 wells in the major U.S. basins. For more information, call Jenny Perez at 281/319-4944, or visit www.a2d.com. smartSECTION(R), smartRASTER(R), LOG-LINE(R) and LOG-LINE Plus!(TM) are trademarks of A2D Technologies. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that its goals will be achieved. See Additional Factors Affecting Business in the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial (MD&A) included in the company's 2000 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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