Energistics Holds First Region Meeting in India.

ONGC Sponsors Meeting and Energistics Officially Launches Asia South Region

NEW DELHI, India -- Energistics announced today their first region meeting held outside of North America and Europe. The Asia South Region Meeting took place in New Delhi, India and was the first of eight regional meetings planned for 2007 to meet the open standards requirements of the upstream oil and gas industry.

Sponsored by Energistics member, the Oil and Natural Gas Corporation (ONGC) of India, more than 125 oil industry executives, geologists and data managers attended the event to hear about development, adoption and deployment of open data exchange standards for the upstream industry. The meeting was inaugurated by Mr. D.K. Pande, Director (Exploration) of ONGC and Energistics Board Member, and the Welcome Address was delivered by Mr. R.S. Sharma, Chairman and Managing Director of ONGC. It was held in conjunction with PETROTECH-2007 which was also chaired by Mr. Sharma.

Commenting on the announcement, Randy Clark, President and Chief Executive Officer of Energistics, said, "We are very pleased with the success of our first regional meeting this year. A key part of Energistics' business strategy is to increase the economic relevance of standards to the upstream industry by expanding adoption and driving global deployment of technical standards. Our regional meetings facilitate direct interaction with our members so we can ensure our standards are market-driven and that we reach this goal."

The meeting resulted in the official launch of Energistics' Asia South Region and the nomination of Mr. Venugopal Bandaru of Satyam as the Region Lead for 2007. Mr. Bandaru is a Lead Consultant in Energy & Utilities for Energistics member Satyam and is based in Hyderabad, India. In addition to Satyam's generous support for both membership development and open standards deployment, Mr. Bandaru will provide leadership and direct communications to potential open standards community members in the Region, which includes India, Pakistan, Malaysia, Australia and other oil producing countries in this part of the globe.

In addition, the comprehensive meeting agenda included Energistics leaders Randy Clark (President and CEO), Jerry Hubbard (EVP) and Alan Doniger (CTO) who provided an update on Energistics', formerly POSC, new brand image, discussed the organization and administration of the Regions and reviewed current status of the Energistics standards portfolio; including WITSML and PRODML Special Interest Groups. Guest speakers included Mr. A.V. Rao of ONGC who introduced a potential new Geophysical Special Interest Group; Dr. Paul Maton of the Sillimanite Group spoke on geodetics; Dr. Bala Buksh of ONGC on how ONGC uses Energistics standards; Mr. Naresh Kumar of ONGC on practical well log standards; Mr. Nageswara Rao Marellapudi Satyam on data management standards and Mr. Neeraj Gupta of IBM on service oriented architecture solutions that leverage standards. A reception and dinner hosted by ONGC followed the meeting.

Energistics is an international, not-for-profit, membership organization uniquely designed to unite industry professionals with standards issues and ideas and to address collaboratively E&P information challenges and opportunities. Membership consists of independent oil companies, national oil companies, service companies, software vendors, system integrators and the global user community. For more information visit our website at www.energistics.org.