IndigoPool.com Premieres VirtualProspect Web-Enabled Interpretation Solution at AAPG Annual Meeting.Business/Energy Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--June 4, 2001 Exploration Process Transformed With Web-Enabled System That Facilitates Global Interpretation to Increase Opportunities and Accelerate Production IndigoPool.com (www.indigopool.com), a Schlumberger company, announced today it is demonstrating VirtualProspect(TM) -- the first-of-its-kind online interpretation process -- June 3-6 at the American Association of Petroleum Geologists The American Association of Petroleum Geologists (or AAPG) is one of the world's largest professional geological societies with over 31,000 members as of 2007. The AAPG works to advance the science of geology (especially in regard to exploration for and production of (AAPG AAPG American Association of Petroleum Geologists ) annual meeting in Denver. Conference attendees will have the opportunity to learn how the Web-enabled system allows E&P companies to tap into a skilled resource pool of external interpreters, provides additional opportunities for prospectors and reduces prospect development cycle time. VirtualProspect, which was successfully piloted with BP in December 2000, is now available to the industry through IndigoPool.com VirtualProspect provides an e-marketplace where the entire oil and gas exploration process is streamlined and enabled online -- from marketing initial property information to contract agreement, data delivery, interpretation, and delivery of prospect recommendations. Rather than marketing a property for sale, VirtualProspect allows a company to market a property available for interpretation. This information, along with relevant data, is available on IndigoPool.com to explorers everywhere who then apply online to interpret the advertised asset. "The key thing we can deliver to companies interested in using this idea is a worldwide user base of geoscientists and engineers looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. this type of opportunity," said IndigoPool director of strategy and business development Mike Davidson Mike Davidson is founder and CEO of Newsvine.com and co-inventor of Scalable Inman Flash Replacement (sIFR). He is based in Seattle, Washington. In 1997, he received a B.A. . "With VirtualProspect, technology enables oil & gas companies to expand their prospect inventories without the need to increase staffing, and prospectors have access to a broader field of opportunities than they would otherwise." VirtualProspect allows E&P companies with scarce G&G staffs to do more with less. By leveraging the knowledge and expertise of external interpreters, companies can identify unrealized opportunities on producing and non-producing leaseholds that are not being developed due to strategic focus or limited resources. Drilling prospects are generated that would otherwise remain undetected. As a result, the value of the existing infrastructure is maximized, with deferred abandonment costs and reduced operating costs operating costs npl → gastos mpl operacionales . Compressed prospect development cycle time is a major benefit of VirtualProspect. Developed by IndigoPool and BP, the VirtualProspect pilot included five BP properties in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . Only three weeks elapsed e·lapse intr.v. e·lapsed, e·laps·ing, e·laps·es To slip by; pass: Weeks elapsed before we could start renovating. n. between asset posting and interpretation contract awards to an array of interpreters, ranging from a two-person business to a large service company. Prospects were developed in three months. VirtualProspect offers a number of benefits to prospectors. They acquire exclusive prospecting rights to properties without lease costs/rentals, have access to data at no cost and receive compensation for prospects generated. In addition, they have access to opportunities that might otherwise not be available to them. IndigoPool services for VirtualProspect include process consultation, data preparation and online publication. ASP interpretation and collaboration tools will soon be integrated into VirtualProspect. This will allow interpreters to access the data via the Internet and conduct the interpretation online using geological and seismic interpretation software ASPs. VirtualProspect presentations will be made daily in the AAPG Prospect & Property Marketplace. IndigoPool staff members will be available to answer questions. About the organization: IndigoPool.com (http://www.indigopool.com), part of the Schlumberger Oil & Gas Information Solutions group, brings a proven enterprise-class e-commerce platform and associated business solutions to the global oil & gas industry and related financial institutions. Named by Forbes.com magazine as one of the leading B2B Web sites See vertical portal. for the energy industry, the IndigoPool.com e-marketplace provides a secure, neutral, collaborative workspace A collaborative workspace or shared workspace is an inter-connected environment in which all the participants in dispersed locations can access and interact with each other just as inside a single entity. for oil & gas property acquisition and divestiture and company portfolio administration. IndigoPool.com also markets relevant data, industry information and online services to registered site users. Schlumberger (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 a 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 $9.6 billion in 2000. Schlumberger is on the Internet at http://www.slb.com VirtualProspect is a trademark of IndigoPool.com |
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