Kuwait Oil Company signs five-year IT agreement with US firm
Landmark Graphics Corporation has signed a five-year technology access contract with the Kuwait Oil Company (KOC) for a five-year agreement for the application of technology to improve business processes in the exploration for oil and gas creates a strategic relationship between the two companies.
This agreement gives the KOC organization access to Landmark's full suite of geophysical, geological, reservoir management, project data management and economic modeling technologies as well as Landmark's on-site technical support and project consulting services. Integrating these solutions is intended to enable KOC to extract more value from their subsurface data and enhance their ability to find and produce hydrocarbons.
Landmark, a wholly owned business unit of Halliburton is a supplier of software and services for the upstream oil and gas industry. The company's software solutions span exploration, production, drilling, business decision analysis and data management.
US-based Halliburton was founded in 1919 as a 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. — (menareport.com)
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