GUPCO Selects GeoQuest to Build Repository For E&P Data.Business/Energy Editors & High Tech Writers HOUSTON--(BUSINESS WIRE)--March 16, 2001 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 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. , today announced that the Gulf of Suez Noun 1. Gulf of Suez - a northwestern arm of the Red Sea linked to the Mediterranean by the Suez Canal Red Sea - a long arm of the Indian Ocean between northeast Africa and Arabia; linked to the Mediterranean at the north end by the Suez Canal Petroleum Company (GUPCO GUPCO Gulf of Suez Petroleum Company (Cairo, Egypt) GUPCO Gulf Petroleum Corporation ) has selected GeoQuest to build a comprehensive and secure repository for corporate exploration and production (E&P) data using the Finder(R) integrated data management system. "The Pyramid data management project has been identified as the core company project that will deliver growth throughout the company," said Hassan Hataba, GUPCO Pyramid project manager. "It will allow manpower resources Human resources available to the Services that can be applied against manpower requirements. to work more efficiently." Amed Gad, GUPCO exploration manager, added, "We strongly believe that this project will add great value to GUPCO." In the initial phase, eight GeoQuest staff members will team-up with 15 GUPCO employees to build, deploy and operate the system, which will manage digital data types encompassing geology, petrophysics Petrophysics (petro is Latin for "rock" and physics is the study of nature) is the study of the physical and chemical properties that describe the occurrence and behavior of rocks, soils and fluids [1]. , geophysics and production operations associated with priority areas in the Gulf of Suez. The contract will service more than 100 users and includes data pertaining to approximately 1100 wells and 150,000 kilometers of 2D seismic lineage. "The structure of this project draws together the skills and knowledge of all the parties involved to provide a framework that implements best practices and a common methodology that builds on experience and facilitates the transfer of knowledge," said Elie Daher, operations manager See datacenter manager. for GeoQuest in Egypt. As a master catalog database, Finder provides an advanced, easy-to-use system for capturing, storing, archiving, accessing and delivering corporate E&P data. Finder is one of the most widely used commercial tools for corporate data management. Query and selection capabilities are integrated with archival extensions such as LogDB(R) log curve archival and management, SeisDB(R) seismic trace archival and AssetDB(R) physical data management software. "GUPCO made great progress in bringing digital technologies into its core exploration and production business. We are now preparing to take the next giant step in 21st century technological environment. The essential foundation for that step is an accurate and secure digital databases that is trusted by our users. The Pyramid team, backed by GeoQuest experience, will enable us to build that foundation," said Tim Marchante, GUPCO deputy exploration manager. This agreement with GUPCO, BP's joint venture with the Egyptian General Petroleum Company, complements the e-solution for information management that BP embarked on last year. About the Organization GeoQuest, an operating unit of Schlumberger Oilfield Services, is the E&P industry leader for the supply of integrated software Separate software components or applications that have been combined into one package. See integrated software package. systems and data management solutions to assist petroleum companies in optimizing the value of their oil and gas reservoirs. Schlumberger Oilfield Services, a business segment of Schlumberger Limited (NYSE NYSE See: New York Stock Exchange :SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ), 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 a global leader in technical services spanning the oil and gas, utility, semiconductor, smart cards, network and Internet solutions industries. Schlumberger revenue was $9.6 billion in 2000. Schlumberger is on the Internet at www.slb.com (R)Registered trademark of Schlumberger |
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