CALGARY - BP Canada Energy Company (BP) and Schlumberger Information Solutions (SIS) announced today at the Global Petroleum Show being held in Calgary June 11-13 that they have entered into a five-year Exploration and Production (E&P) Information Management Agreement. The agreement provides for the outsourcing to SIS of all E&P information management for BP's Canadian Gas Business Unit.
Dr. Tom Koleszar, Growth Team Leader for Subsurface Technology with BP Canada, expects many benefits to result from the outsourcing of information management services, including long term cost effectiveness and the ability to maintain and improve capabilities in data access, exchange, and global sharing.
"BP recognizes the importance of information management. This agreement allows us to align ourselves with a group that has core competence in this area, and to focus on our core exploration and development business," Dr. Koleszar said. "Access to technical data, and its interpretation and integration to support business decisions, is a key lever on productivity in the upstream oil and gas industry. BP values innovation, and this agreement with SIS enhances our ability to be innovative and competitive in all price environments."
SIS will develop and maintain a master data store of BP technical and commercial data, and provide the support services needed to deliver a high-quality, cost-effective data management solution to BP. Highly skilled SIS personnel applying best practices in BP's Calgary office will manage service requests from end users; accept, retrieve and distribute information; maintain information stores and archives; and integrate information for projects.
"Partnering with BP allows Schlumberger to showcase its expertise in data management to the Canadian marketplace by demonstrating the ability of Calgary's Data Management Centre to deliver world-class E&P data management solutions that enable more efficient drilling and more profitable operations," said Orestes Appel, Canadian operations manager for SIS. "This initiative validates the commitment of Schlumberger to make significant investments in oilfield information technology, people and processes that can empower significant improvements in business performance."
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About the Organizations
Schlumberger Information Solutions (SIS), an operating unit of Schlumberger Oilfield Services, is the global industry leader for the supply of integrated business solutions comprising GeoQuest software, information management services, information technology and a complete range of expert services. SIS enables petroleum companies to drive their business performance and enter into the iEconomy. SIS is on the Internet at www.sis.slb.com
Schlumberger Oilfield Services, a business segment of Schlumberger Limited (NYSE:SLB), 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 the global leader in technical services spanning the oil and gas, utility, semiconductor, smart cards, network and Internet solutions industries. Schlumberger revenue was $13.7 billion in 2001. Schlumberger is on the Internet at www.slb.com
BP Canada Energy Company is one of Canada's largest natural gas producers, producing over 800 million cubic feet of natural gas every 24 hours, providing the energy equivalent to heat some two million homes a day. It has large reserves of natural gas in Western Canada and increasingly in Canada's North and East. It is heavily involved in the Canadian Natural Gas Liquids and Petrochemical industries, and is recognized as a leader in the marketing and trading of natural gas and power.
BP is one of the world's largest companies and a leader in energy and petrochemicals. Its main global activities are exploration and production of crude oil and natural gas; refining, marketing, gas marketing, supply and transportation; manufacturing and marketing of petrochemicals. BP is also the world's largest solar power producer. It has well-established operations in Europe, North and South America, Australasia, and parts of Africa. BP is a global leader in climate change having successfully reduced its greenhouse gases by 10% below its 1990 emissions levels. To learn more about BP visit www.bp.com
For further information, contact:
Carolyn Turner
Corporate Communications Manager
Schlumberger Information Solutions
Tel: 713 513 2353
Cell: 713 204 6537
cturner@indigopool.com
Tom Koleszar
Growth Team Leader for Subsurface Technology
BP Canada Energy Company
Tel: 403 233 5945
kolesztw@bp.com
© Press Release 2006
