CALGARY, Alberta, September 22, 2015 /PRNewswire/ --
Landmark, a Halliburton (NYSE:HAL)
business line and a leading provider of software for the upstream
oil and gas industry, and Palantir Solutions, a leading provider of
asset and corporate-level scenario planning software, have formed
an alliance to develop a fully integrated economics, planning and
decision support framework. The joint solutions will be aimed at
helping exploration and production organizations respond more
effectively to changes in technical data and market conditions.
This responsiveness, in the face of uncertainty, will help enable
companies to more effectively manage economic risk and increase the
returns on their portfolio of investments.
The current market outlook for the oil
and gas industry indicates the need for a more efficient decision
support system to improve petroleum investment lifecycle
management. Connecting Landmark's DecisionSpaceĀ® software directly
to the Palantir PlanningSpaceā¢ will create end-to-end petro
technical and economic workflows. Operators will be able to
continuously calibrate surface and subsurface risks with economics
to implement planning workflows that are integrated, collaborative
and dynamic.
Landmark's VP, Nagaraj Srinivasan states: "To meet the
requirements of a dynamic supply, demand and pricing environment in
a global setting, world class organizations need next generation
systems for a near-real time view of their business and to achieve
strategic cost management objectives. The joint solution from
Landmark and Palantir allows customers to manage costs, reserves
and optimize their portfolio and investment decisions therefore
driving overall business performance."
Palantir's MD, Jason Ambrose adds: "Palantir and Landmark
have started this alliance by bringing integrated reserves,
capital budget and financial forecasting solutions to market.
The speed at which we were able to jointly develop these products
is a testament to how complementary our technology platforms
are. Together, we will be able to provide our clients with
innovative, 'cloud ready' solutions that can be rapidly deployed to
create investment lifecycle planning workflows that are responsive,
repeatable and reliable."
Enquiries: To arrange an interview or
for further information please contact: Melissa Foy, T: +1-403-470-3013, E:
marketing@palantirsolutions.com.