Coastal buys in to Powerhouse (March 1999)

Coastal Oil & Gas has awarded GeoQuest a five-year, $2.9 million, contract from for PowerHouse E&P data management services and Finder software.

GeoQuest will team with Geco-Prakla, a division of Schlumberger, and Data Logic Services, a division of IHS Energy Group, to provide E&P data management in support of Coastal's U.S. and international operations. The agreement provides for the outsoutced management of Coastal's seismic, well and log data through the GeoQuest Data Management center (DMC) in Houston.

Makes sense

"With today's market conditions, it makes more sense than ever for oil and gas companies to look for more cost-effective ways of doing business," says Stan Wedel, vice president, GeoQuest North America. "The PowerHouse service was designed to make an impact on the operations of our customers through its ability to leverage critically skilled personnel, best practices and the DMC facility to deliver a high-quality, yet cost-effective data management solution to the industry. We welcome Coastal Oil & Gas Corporation into our growing family of users for PowerHouse data management services."

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