Oracle Press Release

Oracle Joins Energistics to Help Develop Data Exchange Standards for the Oil and Gas Industry

CERAWeek, HOUSTON – Mar. 8, 2011

News Facts

Demonstrating its commitment to provide valuable and flexible industry-specific integrations for business success, Oracle has joined Energistics, a global, not-for-profit consortium designed to unite oil and gas industry thought leaders and to explore ways to facilitate exploration and production (E&P) information sharing and business process integration.
Oracle’s applications, technology and hardware systems deliver an open, standards-based approach for upstream oil and gas companies to integrate cross-application business processes, leveraging a broad range of custom, Oracle or third-party E&P applications. Oracle also provides a jump start to integration projects, reducing risks and helping to lower integration costs.
Jeff Henley, Oracle Chairman of the Board, will deliver a keynote address to the oil and gas industry on March 11 at 9:00 a.m. CST at CERAWeek in Houston, Texas. Daniel Yergin, Chairman of IHS Cambridge Energy Research Associates (CERA), will moderate the discussion.

Supporting Quotes

“We are pleased to have Oracle join us to deliver a reference implementation for our standards,” said Randy Clark, president and CEO of Energistics. “As a body that facilitates an inclusive user community for collaborative technologies, we believe Oracle’s deep industry experience will help facilitate the development and deployment of open, data-exchange standards that address upstream information challenges.”
“Joining Energistics exemplifies Oracle’s commitment to the oil and gas industry. Oracle provides the technology, applications and systems that power the ‘digital oilfield’ and allows oil companies a comprehensive, integrated view of operations, using a data management and business intelligence solution for the exploration and production business,” said Charles Karren, director, oil and gas industry strategy.

Oracle in Oil and Gas

Oracle is helping oil and gas companies to achieve operational excellence. From unconventional gas production in North America, oil sands in Canada to deepwater production in the Gulf of Mexico and Brazil, Oracle's world-class solutions for asset management, project management, talent management, financial, supply chain, and field service applications are transforming the oil and gas business.

Supporting Resources

About Energistics

Energistics is a global, not-for-profit consortium 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 .

About Oracle

Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, visit oracle.com

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Contact Info

Caroline Yu Vespi
Oracle
+1.650.506.8920
caroline.yu@oracle.com

Jerry Hubbard

Energistics

+1.713.294.4993

jerry.hubbard@energistics.org