New Strategic Relationship Advances Exploration and Production Capabilities
HOUSTON, May 8 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC)
announced today that it has signed a multiyear agreement with Landmark
Graphics Corporation, a wholly owned business unit of Halliburton Company
(NYSE: HAL), which will expand Anadarko's capability to find, produce and
manage oil and gas reserves.
The Landmark Global Access Agreement is a three-year agreement that will
allow virtually unlimited access to most of Landmark's exploration and
development, drilling and technical engineering software and applications.
Landmark will also supply technical support, training and consulting services
to Anadarko's offices worldwide.
"The agreement with Landmark will give Anadarko explorationists and
engineers the immediate use of the tools necessary to sustain our increased
level of exploration and development activity," said Morris Helbach, Vice
President of Information Technology Services and Chief Information Officer.
"The full benefits of the agreement, however, will come with the improvements
in workflow and compatibility offered from an integrated set of exploration,
engineering and drilling technologies."
"Landmark is very pleased to have formed this strategic relationship with
Anadarko," said John Gibson, Landmark's CEO and president. "By employing our
technical-to-business (T2B*) process integration, Anadarko and Landmark will
be able to work together and further develop the use and applications of
technology."
Houston-based Anadarko Petroleum Corporation is the world's largest
independent E&P company, with proved reserves of more than 2 billion barrels
of oil equivalent. Domestically, it has operations in Texas, Louisiana, the
Mid-Continent and Rocky Mountain regions, Alaska and in the shallow and deep
waters of the Gulf of Mexico. For the full-year 2000, Anadarko was the most
active driller in North America. Internationally, it is active in Canada,
Algeria, Tunisia, West Africa, Venezuela, Georgia and the North Atlantic.
Landmark is a leading supplier of integrated E&P technical and economic
software solutions, cost-effective Web-based data and application hosting, as
well as consulting solutions and services to support decision making about
finding, drilling and producing oil and gas. Knowledge-based E&P companies
now are turning to with Landmark to achieve higher levels of for technical-to-
business (T2B(TM)) process integration in order to better understand risk
management and improve their returns on their investments. Visit the Landmark
Web site at http://www.lgc.com for more information.
Halliburton Company, founded in 1919, is the world's largest provider of
products and services to the petroleum and energy industries. The company
serves its customers with a broad range of products and services through its
Energy Services Group and Engineering and Construction Group business
segments. The company's World Wide Web site can be accessed at
http://www.halliburton.com.
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
and Exchange Act of 1934. Anadarko believes that its expectations are based
on reasonable assumptions. No assurance, however, can be given that its goals
will be achieved. See Additional Factors Affecting Business in the
Management's Discussion and Analysis (MD&A) included in the company's 2000
Annual Report on Form 10-K.
http://www.anadarko.com
SOURCE Anadarko Petroleum Corporation
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Related links:
http://www.lgc.com
http://www.halliburton.com http://www.anadarko.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19990430/ANADARKOLOGO
PR Newswire Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/038950.html or fax,
800-758-5804, ext. 038950
CONTACT:
Margaret Cooper of Anadarko Petroleum
Corporation, 281-876-8355, or margaret_cooper@anadarko.com; or
Rod Hotz of Landmark Graphics Corporation, 281-368-5766, or
rhotz@lgc.com
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