Landmark And United Devices Sign Worldwide Resellers AgreementGrid computing accelerates reservoir performance predictionHOUSTON, Texas, May 13, 2003 — Landmark Graphics Corporation, a wholly owned business unit of Halliburton (NYSE:HAL) today announced the signing of a three year reseller agreement with United Devices to provide grid computing, the latest evolution in high performance computing, to the exploration and production (E&P) industry. Grid computing creates a distributed computing and workload management environment from an organization's existing clusters, desktops, laptops, workstations, and server nodes. Using this technology oil and gas companies can more effectively utilize available resources to accelerate compute-intensive projects. Landmark's DecisionSpace™ applications and the VIP reservoir simulation suite will leverage United Devices enterprise grid technology to more effeciently and quickly simulate hundreds of unique reservoir development scenarios, enabling asset teams to narrow the gap between actual and predicated reservoir performance. "Affordadable access to massive amounts of computational power has been a critical ingredient to the successful prediction of reservoir performance," said Andy Lane, president and CEO, Landmark Graphics. "By combining VIP and DecisionSpace applications with grid computing technology, the cycle time for field development planning and reservoir performance prediction can be compressed from months or years, to days or weeks." "By leveraging computing assets they already own, oil and gas companies can significantly reduce the costs associated with high performance computing," said Chief Executive Officer of United Devices, Ed Hubbard. "Companies that use compute-intensive applications such as seismic analysis, reservoir modeling and horizontal drilling will significantly reduce their research time and see a dramatic ROI by deploying grid-enabled applications." "VIP reservoir simulation is a perfect example where the performance of industry leading Landmark applications executed in a grid computing environment is further accelerated, bringing even greater value to our customers." said John Sherman, executive vice president, Marketing and Systems, Landmark Graphics. About LandmarkLandmark is the leading 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. Landmark offers a broad range of consulting services that enables customers to optimize their technical, business and decision processes. Visit the Landmark Web site at www.lgc.com for more information.About HalliburtonHalliburton, founded in 1919, is one of the world's largest providers 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.About United DevicesUnited Devices is the market leader in secure grid solutions. The company's Grid MP platform aggregates existing compute resources on a network to create an enterprise grid capable of running a wide range of high-performance computing applications in life sciences, geosciences, engineering, financial services, and other industries. The company's solutions are available in both enterprise and on-demand deployments. United Devices also operates the world's largest Grid for grand-scale research that consists of more than 2 million devices in over 220 countries. For more information on secure grid solutions, visit the United Devices Web site www.ud.com. To volunteer your idle compute power, visit www.grid.org. |