Speaking at the second quarter earnings conference call this month, Schlumberger Oilfield Services boss, Andrew Gould announced three significant new data management contracts. Two concerned GeoQuest’s Finder data management system, with one going to a ‘major gas company’ and the other to be used as core technology in a new African national data repository.
But perhaps the most significant announcement concerned a deal struck with Statoil, where Schlumberger Information Systems is to develop a corporate data store and ‘leading-edge’ information management solution. So contrary to some reports, the corporate data store, for Statoil at least, is not dead!
The strategic importance of upstream data management was also evidenced in Halliburton Corp.’s second quarter conference call. President and CEO David Lesar defended the PGS Data Management acquisition, in the face of analysts’ probing. Lesar anticipates earnings growth from the PGS deal will come in 2002-2004 subsequent to ‘repackaging of technology and services.’ Halliburton is still on the lookout for acquisition targets, Lesar added.
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