Wednesday, July 29, 2009

landmark signs bp to global agreement for technology and services

HOUSTON – Halliburton (NYSE:HAL) announced today that BP (NYSE:BP) has renewed their global software access and services agreement. The three-year contract enables continued access to a broad suite of Landmark technology and petro-technical consulting services for the development, deployment and ongoing global support of exploration and production (E&P) technology and workflows. Software access covered in the agreement includes applications for seismic processing, geophysical and geological interpretation, reservoir simulation and drilling engineering.

“This contract extends our valuable relationship with BP into its second decade,” said Paul Koeller, vice president of Halliburton Software and Asset Solutions. “The agreement is another testament to Landmark’s commitment to providing integrated technologies and services supporting high-science, cross-domain E&P workflows.” Landmark software provides an open environment that enables efficient E&P workflows through the integration of preferred applications and data, within and across domains, from any vendor. The environment leverages industry-standard OpenWorks® project data management software.

Mark Bouzek, chief information officer, E&P, BP, said, “Having reviewed our technology needs and assessed the market, BP has decided to renew our software and services agreement with Halliburton for a further three years. The performance-based global agreement will continue to provide core software and services for our technical teams to use as they work to identify opportunities and reduce risk associated in the discovery and recovery of hydrocarbons worldwide.”

About Landmark

Landmark is the premier provider of software and technology services for the upstream oil and gas industry. Our software solutions, built for the DecisionSpace® environment, help improve insight from data in ways never possible before, across the entire exploration and production life cycle. Landmark’s technology deployment and hosting services, petrotechnical computing portfolio, software training, and certified customer support are globally available to help its customers realize the maximum return on their technology investments. Visit www.halliburton.com/landmark for more information.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 50,000 employees in approximately 70 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field


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