As you look for oil, keep an eye out for Landmark Graphics. The company develops software used by high-tech wildcatters to find oil, drill for it, and analyze economic return. Databases built with Landmark software store information used by seismic analysis programs to simulate reservoirs and other geological structures. Complex planning and drilling applications calculate how to get the oil, while reservoir management software tracks the amount left. Throughout the process, Landmark's production and economic applications manage risk and measure returns. Customers have included such heavy hitters as BP, Chevron, and Statoil. Landmark Graphics is a subsidiary of oilfield services behemoth Halliburton.
The company serves a global clientele from offices in Africa, the Americas, throughout Europe, and in the Asia Pacific region.
Over the years Landmark Graphics has expanded its portfolio of services to keep pace with demand from customers for more robust product support and increased customization abilities. The company offers its software as hosted applications, it provides custom software development services, and it offers IT infrastructure management, and data management services. Additional services include software integration, training, and on-site technical support. Landmark also provides consulting services to help clients assess their needs.
Mergers and Acquisitions
In 2012 Landmark acquired Object Reservoir, a provider of finite element reservoir modeling technology. The company's products added new capabilities for exploration and appraisal functions in asset development to Landmark's applications. Landmark also enhanced its software products in 2012 through the purchase of Petris Technology, a provider of data management and business intelligence software for customers in the oil and gas industry.
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