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|Anadarko Announces Multiyear Global Agreement With Landmark|
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HOUSTON, May 8 -- 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 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 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.
SOURCE Anadarko Petroleum Corporation
CONTACT: Margaret Cooper of Anadarko Petroleum Corporation, 281-876-8355, or email@example.com; or Rod Hotz of Landmark Graphics Corporation, 281-368-5766, or firstname.lastname@example.org