Amoco Corporation and GeoQuest Enter an Enhanced Supplier Agreement.HOUSTON--(BUSINESS WIRE)--July 6, 1998--Amoco Corporation and GeoQuest have signed a worldwide enhanced supplier agreement to facilitate the introduction of GeoQuest's OilField Manager(R) (OFM OFM abbr. Order of Friars Minor ) software application into all Amoco business units. Based on the agreement, Amoco purchased a suite of OFM licenses to be deployed at Amoco asset teams worldwide, which will be distributed to engineers and technologists in Amoco's exploration and production sector. OFM is a production and reservoir management database application for Windows 95/NT-based computing platforms See platform. . By standardizing on OFM, Amoco will be able to meet several different production and oilfield data management requirements resulting in better management of oil and gas assets. "Amoco offers OFM as part of its core engineering application portfolio," says Greg Grotke, technical computing computing - computer coordinator for Amoco's Technical Computing Solutions group. GeoQuest participated with the Amoco Technical Computing Solutions group in an introductory tour to give the Amoco business units the opportunity to view the core engineering applications. The worldwide tour provided an introduction of the software capabilities and how these will assist engineers and technologists in their reservoir assessments. This is being followed with specific technical demonstrations, training and data migration validation before OFM is fully implemented. "Our partnership will help the Amoco Technical Computing Solutions group expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. the adoption of OFM into the engineering-computing environment," said George Steinke, vice president of Business Development for GeoQuest. "We have shared business goals, which includes replacing The Production Analyst(R) (PA) with OFM and to ensure customer satisfaction." "It's a win-win arrangement for Amoco and GeoQuest," concludes Grotke. "Our partnership ensures that Amoco's engineering community gains the most value from OFM. This enhanced supplier agreement represents a unique step towards shared responsibility." Amoco Corporation is a global producer and marketer of oil, natural gas and petrochemicals. GeoQuest, an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Schlumberger, is the industry leader in providing integrated software Separate software components or applications that have been combined into one package. See integrated software package. systems, data management solutions, processing and interpretive in·ter·pre·tive also in·ter·pre·ta·tive adj. Relating to or marked by interpretation; explanatory. in·ter  pre·tive·ly adv. services to assist petroleum companies in
optimizing the value of their oil and gas reservoirs gas reservoirIn geology, a naturally occurring storage area, characteristically a folded rock formation, that traps and holds natural gas. The reservoir rock must be permeable and porous to contain the gas, and it has to be capped by impervious rock in order to form an . GeoQuest operates more than 110 data services centers and software offices in 58 countries. For additional information on GeoQuest, access the GeoQuest web page through Connect Schlumberger at http://www.connect.slb.com. (R) Mark of Schlumberger
CONTACT: GeoQuest, Houston
Susan Ganz, 713/513-2480
sganz@houston.geoquest.slb.com
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