Combined Strengths Provide End-to-End Information Management Solutions
Paris, September 13, 2006
Schlumberger and Infosys announced today that they have formed a global alliance to provide comprehensive information management solutions that integrate upstream technical and business processes for oil and gas companies.
The alliance will address a wide array of solutions, primarily focused on the integration of E&P petrotechnical data and applications, including unstructured data, with financial and human resources back-end systems, in order to streamline operational and strategic business decision-making processes.
"Our customers are under tremendous pressure to accelerate their production and replace reserves. To achieve results, operators are looking at ways to reengineer their technical and business processes," said Olivier Le Peuch, President, Schlumberger Information Solutions. "By aligning with Infosys, Schlumberger brings customers a much needed combination of technology, domain expertise, and systems integration capability-on a global, enterprise scale."
This alliance combines the market leading exploration and production (E&P) domain expertise of Schlumberger with the Global Delivery Model (GDM) pioneered by Infosys to create an industry unique resource. Infosys' GDM reduces engagement risk as it takes work where it can be done best, makes the most economic sense, with the least amount of risk.
"Schlumberger is the leader in delivering breakthrough solutions to the upstream oil and gas industry," said Naren Koduvattat, Head of Infosys' Energy Business Unit."Infosys is at the leading edge of designing and delivering IT-enabled business solutions to oil and gas companies, and our combined expertise will deliver powerful solutions to the E&P industry. Our alliance will provide end-to-end solutions integrating petrotechnical data with other relevant business systems, which is atypical in the market today."
Infosys and Schlumberger will build on the successful working relationship the two organizations have developed over the last several years. "Using comprehensive information management solutions supported by expert system integration services, oil and gas companies can increase productivity, better leverage their IT investments and enhance the effectiveness of operational processes," said Le Peuch.
Schlumberger is the world's leading oilfield services company supplying technology, information solutions, and integrated project management that optimize reservoir performance for customers working in the oil and gas industry. The company employs more than 66,000 people of over 140 nationalities working in more than 80 countries. Schlumberger supplies a wide range of products and services from seismic acquisition and processing; formation evaluation; well testing and directional drilling to well cementing and stimulation; artificial lift and well completions; and consulting, software, and information management. In 2005, Schlumberger operating revenue was $14.31 billion. For more information, visit www.SLB.com
Infosys(NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 58,000 employees in over 35 offices worldwide. For more information visit www.infosys.com.
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2007 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
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