Calgary-based well life cycle solution developer Malibu has reported a ‘fifth consecutive record-breaking quarter’. The company reports 110% revenue growth for 2003 (no financial details were disclosed).
2003 also saw the internationalization of Malibu’s flagship Wellcore product. CEO Garry Perry said, ““We have successfully created and implemented our international solution in Halifax and Aberdeen, UK, and are extremely excited about our expansion into Africa this December. Malibu is also scheduled to be breaking new ground in Brazil in early 2004.”
Malibu’s flagship product Wellcore is a well life cycle database management solution which helps operators manage operations, control costs and shorten the time to production. Wellcore spans G&G, drilling, completion and production operations. The latest release includes modules for international operations, First Nations, regulatory and assessments.
Perry continued, “Operators need accurate, near real-time knowledge of their remote capital spends, streamlined operations, reduced overhead, and most importantly, the ability to adapt to their corporate business processes. Companies do not want to have to change the way they do business to accommodate a software application.”
Wellcore users include Husky, Petro-Canada, Shell, Devon, ExxonMobil, EnCana, Talisman, heavy oil specialists Petrovera Resources and ‘virtual’ E&P shop—Stylus Exploration.
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