Marathon Oil Company Selects GeoQuest PowerHouse for Full-Service Data Management Solution.Business & Energy Editors HOUSTON--(BUSINESS WIRE)--Feb. 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 a seven-year data management outsourcing contract with Marathon Oil Company. GeoQuest, through its PowerHouse(R) data management services, will team with 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 onsite and warehouse services, storage and overall management of Marathon's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and international physical exploration and production (E&P) data. "Timely access to accurate, high-quality data is essential to exploration success," said Phil Behrman, Marathon's senior vice president of Worldwide Exploration. "GeoQuest has provided a more efficient way for us to store and retrieve data. It will improve productivity, enhance our decision-making and help us meet a key goal of reducing exploration expense." "The PowerHouse service was designed as a more efficient way for oil and gas companies to manage their E&P data," said Jeff Spath, business manager for GeoQuest North and South America. "We are able to make an impact on the operations of our customers through our ability to leverage critically skilled personnel, best practices, GeoQuest's proven software and the use of our data management facility to deliver a high-quality, yet cost-effective data management solution to the industry." In 1997, GeoQuest launched PowerHouse services with the opening of a new state-of-the-art data management center in Houston. GeoQuest now offers PowerHouse services from data management centers in Calgary, Perth, Caracas, Aberdeen, Oslo, Tokyo and London. Services include loading, validating and storing all E&P data types and classes for customers; managing the E&P master database; delivering workstation-ready data to the screens of geoscientists and engineers; and cataloging and archiving projects and results. About the Organizations Marathon Oil Company, part of the USX-Marathon Group (NYSE NYSE See: New York Stock Exchange :MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) and a unit of USX USX US Steel (Corporation) USX Static Mesh Package (Unreal game file type) USX US Cents (Currency) Corporation, is a large fully integrated oil firm engaged in the worldwide exploration and production of crude oil and natural gas. Through Marathon Ashland Petroleum LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the Company also refines, markets and transports petroleum products in the United States. Visit the company's Web site at http://www.marathon.com or http://www.usx.com GeoQuest, an operating unit of Schlumberger Oilfield Services, is the E&P industry leader for the supply of integrated software 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: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 and operates 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 card, network and Internet solutions industries. Schlumberger revenue was $9.61 billion in 2000. Additional information is available at http://www.slb.com (R) Registered trademark of Schlumberger |
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