Marathon Oil Company has awarded Landmark a seven year international information technology contract. The agreement calls for the application of technology to improve business processes. Marathon gains access to Landmark’s full suite of earth science, drilling, well services, production and reservoir engineering, economics and portfolio management technologies as well as professional consulting services.
SAP
An integration with Marathon’s SAP installation will facilitate “business case-driven” decision making on exploration and development and production management. Marathon senior VP of worldwide production Steve Hinchman said “I'm looking forward to developing a strategic relationship with Landmark. The application of technology to our business processes is an important piece of an enterprise-wide data management solution that Marathon is progressing. The creation of an integrated information ‘pipeline’ across the entire value chain of our upstream business will improve collaboration, enhance sharing of knowledge and leverage our competitiveness.”
Gibson
Landmark president and CEO John Gibson added “We're extremely pleased to have formed this strategic relationship with Marathon. The integration of our state-of-the-art technology with their staff and company processes will add to shareholder value while helping them gain new competitive advantages in the worldwide market.”
SAT
Senior management from both companies will participate in a Strategic Alliance Team to guide both companies in ongoing development of the partnership.