Landmark signs $28 million deal with Statoil (May 1998)

Landmark makes major sale of software andservices to Norway's Statoil

Landmark has pulled off a huge deal with Statoil, the Norwegian state oil company for the provision of a broad range of their integrated software, data transcription, project data management, support, training, and professional consulting services. The six-year contract covers Statoil's worldwide exploration and production business groups. Landmark will work with other Statoil-selected vendors to integrate their applications towards the OpenWorks environment, as well as using the open industry standard POSC Epicentre. Robert P. Peebler, Landmark president and CEO, said, "Landmark is extremely pleased to form this strategic alliance with Statoil that is a key element of aligning their organization to realize their worldwide business goals. By changing to Landmark's open and scalable integrated environment, Statoil is leveraging its extensive sources of existing data while laying the foundation for the future."

6,000 licenses

Randi Grung Olsen, Statoil senior vice president E&P, added, "We have chosen to work with Landmark to ensure the implementation of a technical computing environment across multiple disciplines including geophysics, geology, petrophysics, and reservoir engineering. Our goal is to develop new integration synergies through technological developments and industry standards to further improve our decision-making processes and value creation for Statoil as a company." Statoil requires flexibility to manage and integrate subsurface data types from a variety of data sources. Specific areas of technological emphasis include 3D visualization and interpretation, interpretive seismic processing, petrophysical analysis, and dynamic reservoir modeling. Their new open and integrated environment will be based on OpenWorks, described as "the industry's most widely deployed and used project data management system with more than 6,000 licenses worldwide".

Epicentre-Based CDS

Randi Grung Olsen continued, "Statoil is committed to industry standards such as POSC so that our personnel have both a robust and open environment now and in the future. We selected OpenWorks because it provides us the best integration environment for our projects, and Landmark is committed to working with us on our future Epicentre-based Corporate Data Store development." Landmark will work closely with Statoil to develop, implement, and deploy the most effective workflow processes for consistent usage by geoscientists, reservoir engineers, and IT personnel around the world. "While technology is an underlying driver and enabler for our industry, it is just as important to address the processes across multiple disciplines and departments, as well as prepare and train personnel to new, innovative approaches in working together," continued Peebler.

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