BP Renews Technology Agreement With Landmark Graphics; Software and Services Agreement Key to Improved Productivity For BP.Energy Editors/Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--March 5, 2003 Landmark Graphics Corporation Landmark Graphics Corporation was created in Houston in 1982 by John Mouton, Andy Hildebrand, H. Roice Nelson, and Bob Limbaugh, to develop the first system for interpreting 3D data from seismic surveys for the oil and gas industry. , a wholly owned business unit of Halliburton (NYSE NYSE See: New York Stock Exchange :HAL Hal: see Halle, Belgium. hal In Sufism, a state of mind reached from time to time by mystics during their journey toward God. The ahwal (plural of hal) are God-given graces that appear when a soul is purified of its attachments to the material world. ), today announced that it has renewed its worldwide technology agreement with BP (NYSE:BP). The three year agreement includes a broad range of Landmark's integrated geological, geophysical, reservoir simulation Reservoir simulation is an area of reservoir engineering in which computer models are used to predict the flow of fluids (typically, oil, water, and gas) through porous media. , drilling, well engineering and project data management software applications for BP's worldwide operations. Landmark will also continue to provide technical support, training and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . "BP is pleased to continue our association with Landmark," said Steve Peacock, BP's VP for Upstream Digital Business. "Landmark's integrated software Separate software components or applications that have been combined into one package. See integrated software package. portfolio is a key part of our core work processes across all the petrotechnical disciplines, across all parts of the value chain." BP and Landmark have been working closely together in developing advanced 3D and 4D visualization and interpretation, interpretive seismic processing, petrophysical analysis and dynamic reservoir modeling applications that enable improved drilling success and enhanced production from existing fields. "We're extremely pleased that BP has chosen to renew their world-wide agreement with Landmark," said Andy Lane Andrew Lane (born 1963), who also writes as Andy Lane, is a British author and journalist: by profession, he manages defence related projects for the UK Military in London. , Landmark president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This contract renewal demonstrates the value that Landmark technology is bringing to BP's business over time and the results that can be obtained by combining BP's expertise in finding and producing oil and gas with our industry-leading integrated software. We are very pleased with our close, collaborative working relationship with BP including joint technology development. Landmark looks forward to working with BP for many years to come and assisting them in meeting their corporate goals in exploration effectiveness and increasing production." 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. |
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