Coastal Oil & Gas Corporation Chooses GeoQuest to Provide Cost-Effective E&P Data Management.HOUSTON--(BUSINESS WIRE)--March 10, 1999--GeoQuest announced today that it has been awarded a five-year, $2.9 million, services contract from Coastal Oil & Gas Corporation for PowerHouse(R) center-based exploration and production (E&P) data management services and Finder data management software. GeoQuest will team with Geco-Prakla, a division of Schlumberger, and Data Logic Services, a division of IHS IHS (I.H.S.) first three letters of Greek spelling of Jesus; also taken as acronym of Iesus Hominum Salvator ‘Jesus, Savior of Mankind.’ [Christian Symbolism: Brewer Dictionary, 480] See : Christ IHS Energy Group, to provide comprehensive E&P data management in support of Coastal Oil & Gas Corporation's U.S. and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . Coastal Oil & Gas Corporation chose GeoQuest's PowerHouse data management services to provide a more cost-effective method for managing its E&P data, as well as increasing the productivity of its E&P professionals. This agreement provides for the management of Coastal Oil & Gas Corporation's E&P data, including seismic, well and log data through the GeoQuest data management center (DMC DMC Devil May Cry (video game) DMC Detroit Medical Center DMC Darryl McDaniels (rapper) DMC Destination Management Company DMC Del Mar College (Corpus Christi, TX) ) in Houston. The DMC was opened in 1997 as a built-for-purpose facility designed specifically to provide PowerHouse data management services. "With today's market conditions, it makes more sense than ever for oil and gas companies to look for more cost-effective ways of doing business," says Stan Wedel we·del intr.v. we·deled, we·del·ling, we·dels To ski on snow by means of wedeln. [Back-formation from wedeln.] Verb 1. , vice president, GeoQuest North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "The PowerHouse service was designed to make an impact on the operations of our customers through its ability to leverage critically skilled personnel, best practices and the DMC facility to deliver a high-quality, yet cost-effective data management solution to the industry. We welcome Coastal Oil & Gas Corporation into our growing family of users for PowerHouse data management services." About the Companies Coastal Oil & Gas Corporation is a subsidiary of The Coastal Corporation (NYSE NYSE See: New York Stock Exchange :CGP CGP CommuniGate Pro (messaging e-mail server) CGP Certified Group Psychotherapist CGP Controlled Goods Program (Canadian) CGP Certified Geriatric Pharmacist (pharmacist certification) ), a Houston-based energy holding company with consolidated assets of nearly $12 billion. The Coastal Corporation has subsidiary operations in natural gas transmission, storage, gathering and processing, and marketing; petroleum refining, marketing, and distribution; chemicals; oil and gas exploration and production; power production; and coal. Coastal's address on the World Wide Web is www.coastalcorp.com. Schlumberger GeoQuest is the E&P industry leader in integrated software Separate software components or applications that have been combined into one package. See integrated software package. systems, data management solutions, and processing and interpretive services to assist petroleum companies in optimizing the value of their oil and gas reservoirs. As part 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. , GeoQuest operates more than 110 data services centers and software support offices in 58 countries. Schlumberger Oilfield Services is a business segment of Schlumberger Limited, a worldwide leader in technical services. For additional information about this release, please contact: Ms.Susan Ganz, GeoQuest, 5599 San Felipe, Suite 1700, Houston, TX 77056-2722, 713/513-2480, e-mail: sganz@houston.geoquest.slb.com For additional information on GeoQuest, access the GeoQuest web page through Connect Schlumberger at http://www.connect.slb.com |
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