Oracle Announces Migration Plan for Oil and Gas Industry; Oracle/Upstream Initiative, Based on POSC Standard and Business Alliance with UniSQL, Cuts IT Costs, Accelerates Migration, Improves Decision Support.REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Nov. 16, 1994--Oracle Corp. today announced a major initiative to provide its oil and gas industry customers with significant new decision-support capabilities expected to save the industry hundreds of millions of dollars in IT spending over the next decade. Called Oracle/Upstream, the initiative is designed to support oil and gas companies migrating to computing standards developed by the Petrotechnical Open Software Corporation (POSC POSC Petrotechnical Open Software Corporation POSC Payroll Online Service Center (state of Maryland) POSC Personnel Occupational Specialty Code ), a standards consortium that works with vendors to integrate exploration and production data. Underpinning the Oracle/Upstream initiative is a business alliance between Oracle and Austin, Tex.-based UniSQL, Inc., the leading object-relational database A database that provides both relational and object database capabilities. See universal server. vendor and the foremost provider of POSC-compliant database products. "The alliance between Oracle and UniSQL is the single most important commercial development around POSC standards to date," said POSC president William Bartz. "Oracle's proven and widely accepted DBMS (DataBase Management System) Software that controls the organization, storage, retrieval, security and integrity of data in a database. It accepts requests from the application and instructs the operating system to transfer the appropriate data. service offerings and UniSQL's next generation DBMS technology are already serving our community well." Oracle is a major software supplier to the oil and gas information technology (IT) segment with more than 70 percent of the exploration and production (E&P) database market. "Oracle/Upstream will support POSC standards to bridge the gap between relational and object-oriented technology See object technology. in a seamless manner," said Doug Benson Doug Benson is an American comedian who has appeared on Comedy Central Presents, Best Week Ever, and most recently as a contestant on Last Comic Standing. Benson dropped out of college in San Diego, California to move to Los Angeles. , Manager, Oracle/Upstream. "This initiative will help oil and gas companies to extend the accessibility and usefulness of their exploration and production data, regardless of where it resides." For instance, with Oracle/Upstream, the oil and gas industry can migrate from legacy systems incrementally, while retaining data access across all platforms. This will result in tremendous cost savings and an increase in productivity. Oracle will implement Oracle/Upstream in three phases. Phase one will deliver immediately to Oracle customers DAEF support, POSC's standard for data access and exchange. DAEF support is provided by incorporating UniSQL's object-relational technology, the UniSQL/M (tm) Multidatabase System and UniSQL E&P Data Access Layer, into the Oracle7 database. In Phase two, Oracle will deliver support for POSC's relational projection specifications. Phase three will include full POSC Epicentre epicentre Point on the surface of the Earth that is directly above the source (or focus) of an earthquake. There the effects of the earthquake usually are most severe. See also seismology. support by combining UniSQL's E&P Data Access Layer with powerful object-relational features based on the SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. 3 standards that will be available in the next major release of the Oracle7 server product. An international standards organization See ISO. , POSC is funded by more than 80 leading companies including Oracle, UniSQL, Chevron, BP, Elf Aquitaine, Hewlett-Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Mobil, Schlumberger, Texaco, Shell, Landmark Graphics and PI. UniSQL, Inc. is headquartered in Austin, Tex. and was founded in 1990 by Dr. Won Kim, the father of the object-relational data model. In 1992, the Petrotechnical Open Software Corporation selected UniSQL to provide database technology for the POSC standardization effort. UniSQL has more than 400 customers worldwide, many that are in the oil and gas industry and other firms, many in IT, including AT&T, Digital Equipment Corporation, Hewlett-Packard, Hughes Aircraft, Motorola, NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform , Samsung Engineering, and the US Air Force. With worldwide revenue of more than $7 million in 1993, UniSQL expects to garner more than $15 million in 1994. Oracle Corp., a $2 billion company with headquarters in Redwood Shores, Calif., is the world's leading supplier of information management software. Oracle develops and markets Oracle Media Server and the Oracle7 family of software products for database management; Cooperative Development Environment (CDE (1) (Computer Desktop Encyclopedia) What you are reading at this very moment. See About this product. (2) (Common Desktop Environment) A user interface for desktop computing from The Open Group. ), a complete set of tools for enterprise-wide, client/server application development; and Oracle Cooperative Applications, packaged client/server solutions for accounting, manufacturing, distribution, human resources and project control. Oracle software runs on personal digital assistants, PCs, workstations, minicomputers, mainframes and massively parallel computers. The company offers its products, along with related consulting, education and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in more than 90 countries around the world. -0- Note to Editors: Oracle is a registered trademark of Oracle Corporation. Oracle7, Oracle Media Server, Oracle Cooperative Applications, Cooperative Development Environment and Oracle/Upstream are trademarks of Oracle Corporation. All other product or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. CONTACT: Oracle Corp.
Peter Lisker, 415/506-4663
UniSQL, Inc.
Deborah DeCoux, 512/343-7297 x128
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