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Energistics Hosts 3rd Annual Standards Summit & Reception
| Source: Energistics
HOUSTON, TX--(Marketwire - October 28, 2008) - Energistics announced the success of its 3rd
Annual Standards Summit and Reception held last Thursday, October 23rd at
the Intercontinental Hotel in Houston. More than 200 industry leaders from
North America, Europe and India attended the Standards Summit, which
focused on "Strategic Standardization Management."
Commenting on the Summit, Dave Latin, Chairman of the Energistics Board and
Vice President of BP's fieldofthefuture® Programme, said, "In a
competitive and collaborative business world impacted by global challenges,
such as climate change, energy efficiency, environmental concerns, ethical
issues, not to mention a complex and ever changing business environment,
the need for reliable insight and information is critical. Standards
facilitate movement of data and information. The Energistics Standards
Summit provides a forum to discuss how standards can improve the efficiency
and effectiveness of the upstream industry."
Randy Clark, President and CEO of Energistics, said, "The Energistics
Standards Summit and Reception is intended to bring together industry
leaders in order to help all of us understand better the importance and
benefits of implementing and deploying standards industry wide. Engaging
the entire upstream industry in this process can significantly improve
profits and competitiveness."
Industry leaders from Aspen Technology, Chevron, ONGC, Oracle, and Looper
Reed & McGraw kicked off the Summit's morning North America Region Meeting
and Global Perspective Session by sharing viewpoints of the challenges,
benefits, competitive advantage and protecting intellectual property rights
as they each relate to standards.
Stephen Munden, Managing Director for Business Keys Ltd, presented the
Keynote Address during the afternoon session. Mr. Munden emphasized the
importance of creating a standards strategy and how standardization can be
used to add value for a company and its customers in all areas of the value
chain.
Following Mr. Munden's Keynote Address, Bill Pike, Editor in Chief, Hart
Energy Publishing, moderated a thought provoking and lively Round Table
discussion including the following panelists: Randy Clark, President and
CEO, Energistics; Tom Halbouty, VP & CIO, Pioneer Natural Resources; Tim
Hopkins, VP Global Upstream Critical Information, IHS; Arshad Matin,
President and CEO, SMT and Stephen Munden, Managing Director, Business
Keys Ltd.
This year's Standards Summit and Reception was generously sponsored by IBM,
Schlumberger, Tibco, Looper Reed & McGraw, Microsoft and Oracle.
Energistics is a global, membership-sponsored consortium that facilitates
an inclusive user community for the development, deployment and maintenance
of collaborative technologies using open data exchange standards for the
upstream oil and natural gas industry. To ensure these freely-available,
standards-based technological, computing, and process solutions deliver
real business value, Energistics focuses on market-driven, integrated
technical and business information standards for efficient data handling,
storage, management and exchange. Deployment of Energistics' open data
exchange standards promotes interoperability improvements between trading
partners and implements universally applicable solutions that deliver
tangible bottom line results across the entire E&P life cycle.
Energistics membership consists of integrated, independent and national oil
companies, oilfield service companies, hardware and software vendors,
systems integrators, regulatory agencies and the global standards user
community.
For more information, visit www.energistics.org.