BP Canada Energy Company and Schlumberger Information Solutions Enter Information Management Agreement.Business/Energy Editors Global Petroleum Show CALGARY Alberta--(BUSINESS WIRE)--June 13, 2002 BP Canada Energy Company (BP) and Schlumberger Information Solutions Schlumberger Information Solutions (SIS) functions as an operating unit of the global oil services giant Schlumberger Limited. SIS products consist of software developed by Schlumberger itself, as well as products acquired from GeoQuest (GeoFrame), Iron Mountain (eSearch), Merak (SIS) announced today at the Global Petroleum Show being held in Calgary June 11-13 that they have entered into a five-year Exploration and Production (E&P) Information Management Agreement. The agreement provides for the outsourcing to SIS of all E&P information management for BP's Canadian Gas Business Unit. Dr. Tom Koleszar, Growth Team Leader for Subsurface sub·sur·face adj. Of, relating to, or situated in an area beneath a surface, especially the surface of the earth or of a body of water. Adj. 1. Technology with BP Canada, expects many benefits to result from the outsourcing of information management services, including long term cost effectiveness and the ability to maintain and improve capabilities in data access, exchange, and global sharing. "BP recognizes the importance of information management. This agreement allows us to align ourselves with a group that has core competence Core competence Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. in this area, and to focus on our core exploration and development business," Dr. Koleszar said. "Access to technical data, and its interpretation and integration to support business decisions, is a key lever on productivity in the upstream oil and gas industry. BP values innovation, and this agreement with SIS enhances our ability to be innovative and competitive in all price environments." SIS will develop and maintain a master data store of BP technical and commercial data, and provide the support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services needed to deliver a high-quality, cost-effective data management solution to BP. Highly skilled SIS personnel applying best practices in BP's Calgary office will manage service requests from end users; accept, retrieve and distribute information; maintain information stores and archives; and integrate information for projects. "Partnering with BP allows Schlumberger to showcase its expertise in data management to the Canadian marketplace by demonstrating the ability of Calgary's Data Management Centre to deliver world-class E&P data management solutions that enable more efficient drilling and more profitable operations," said Orestes Appel, Canadian operations manager See datacenter manager. for SIS. "This initiative validates the commitment of Schlumberger to make significant investments in oilfield information technology, people and processes that can empower significant improvements in business performance." About the Organizations: Schlumberger Information Solutions (SIS), 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 Oilfield Services Schlumberger Oilfield Services, a division of Schlumberger Limited, is the world’s largest supplier of exploration and production (E&P) services, solutions and technology to the international petroleum industry. , is the global industry leader for the supply of integrated business solutions comprising GeoQuest software, information management services, information technology and a complete range of expert services. SIS enables petroleum companies to drive their business performance and enter into the iEconomy. SIS is on the Internet at http://www.sis.slb.com Schlumberger Oilfield Services, a business segment of Schlumberger Limited (NYSE NYSE See: New York Stock Exchange :SLB), is the leading supplier of services and technology to the international petroleum industry, with operating offices, service locations, and research and development facilities around the world. Schlumberger is the global leader in technical services spanning the oil and gas, utility, semiconductor, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , network and Internet solutions industries. Schlumberger revenue was $13.7 billion in 2001. Schlumberger is on the Internet at http://www.slb.com BP Canada Energy Company is one of Canada's largest natural gas producers, producing over 800 million cubic feet of natural gas every 24 hours, providing the energy equivalent to heat some two million homes a day. It has large reserves of natural gas in Western Canada
Western Canada, commonly referred to as the West and increasingly in Canada's North and East. It is heavily involved in the Canadian Natural Gas Liquids and Petrochemical industries, and is recognized as a leader in the marketing and trading of natural gas and power. BP is one of the world's largest companies and a leader in energy and petrochemicals. Its main global activities are exploration and production of crude oil and natural gas; refining, marketing, gas marketing, supply and transportation; manufacturing and marketing of petrochemicals. BP is also the world's largest solar power producer. It has well-established operations in Europe, North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Australasia, and parts of Africa. BP is a global leader in climate change having successfully reduced its greenhouse gases greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas by 10% below its 1990 emissions levels. To learn more about BP visit http://www.bp.com |
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