BP's David Latin Elected as Energistics' Chairman

HOUSTON, TX--(Marketwire - September 17, 2008) - Energistics, the upstream oil and gas open standards consortium, announced today that David Latin, Vice President, E&P Technology, BP, was elected as Chairman of the Board. Mr. Latin succeeds Mike Benjamin of Schlumberger who held the chairmanship for the last fifteen months and was a significant force for the reemergence of Energistics as a leading industry facilitator of collaborative technologies. Also elected as Vice-Chair was Mark Greene, an Executive Partner, Accenture. Mr. Greene succeeds Tom Halbouty of Pioneer Natural Resources who was Vice-Chair for over two years, but will continue on as a member of the Energistics board.

David Latin currently has global responsibility for BP's fieldofthefuture® Programme, an endeavor with a specific focus on projects and workflows that deliver high value from visualization and analysis of real-time and near real-time data to manage and optimize performance of BP's hydrocarbon assets and systems. His executive leadership and operational management skills have been built on strong scientific and technical foundations in the Earth Sciences. Completing his Geology and Geophysics PhD in 1990, in 1993 Dave made the transition from post doctoral research at Cambridge University, to a "hands-on" Geologist and then Reservoir Engineer in BP. Dave has worked across the entire value chain from frontier exploration in Vietnam, through implementation of new developments and operations of producing assets in the North Sea, to reactivation of mature fields in Venezuela. Until recently he was head of IT for BP Exploration & Production.

"Dave Latin brings a wealth of industry knowledge and expertise to the Chairmanship," said Randy Clark, President and CEO, Energistics. "With his current leadership assignment for BP in their fieldofthefuture® effort Dave is perfectly placed to assist the industry in building data exchange standards into the strategic thinking of upstream organizations through Energistics."

Elected as Vice-Chair, Mark Greene is an Executive Partner in Accenture's Resources-Energy Consulting practice. Since joining Accenture in 1998, he has led projects in the exploration & production and midstream segments of the oil & gas industry at super-major, international, and mid-tier clients, with an emphasis in operations, drilling, supply chain, and performance management. In 2005, he took on his current role as client director of one of Accenture's largest Resource clients, with responsibility for the global exploration and production segment. Before joining Accenture, Mark worked with Petrofina (now part of Total) and Conoco (now part of ConocoPhillips) in the United States, Europe, Africa, and Canada. Over a span of 15 years, he held positions in portfolio/asset management, petroleum engineering, drilling, capital project management, and acquisitions/divestitures.

"Mark Greene has been an integral part of our strategic standardization efforts at Energistics since he joined the Board a little over a year ago," continued Clark. "Mark's ability to bring people together to work on critical standards issues will serve us well as he takes on this new role."

Commenting on outgoing Chair Mike Benjamin, Clark added, "Mike was a tremendous asset for Energistics not only providing leadership and strategic thinking, but reaching out to prospective members to bring them into our community; we will miss his wise counsel on the Board." Clark added, "Tom Halbouty has been a champion of Energistics for a long time and we look forward to his continued support and leadership on the Board as he will continue to serve as the Chair of the Audit Committee."

Energistics is a global, not-for-profit, membership organization uniquely designed to unite upstream oil and natural gas industry professionals in a neutral and collaborative facilitation environment to develop and deploy open data exchange standards and to address E&P information challenges. Membership consists of integrated, independent and national oil companies, oilfield service companies, hardware and software vendors, system integrators, regulatory agencies and the global standards user community. For more information visit our website at www.energistics.org.

Contact Information: ENERGISTICS CONTACT: Jerry Hubbard +1 713.294.4993