Knowledge Systems Signs Master Service Agreement with ITS
|Wednesday, April 28, 2004
Knowledge Systems reports that Integrated Trade Systems (ITS) has signed a Master Service Agreement with Knowledge Systems that allows PEMEX to implement the Drillworks solution for improved well contstruction operations. The Master Agreement includes the full range of Drillworks software, training, and services for geopressure and geomechanics analysis. The agreement allows all of PEMEX's operating units across Mexico to utilize the Drillworks software and services to help prevent costly non productive time and improve their exploration and production operations.
"We are pleased to have completed this agreement with ITS. PEMEX has been a valuable customer to Knowledge Systems for more than 5 years now. The ITS agreement will allow PEMEX to combine their exploration and production expertise with our award winning geopressure and geomechanics analysis software today and far into the future." James Webster, COO, Knowledge Systems.
"In our strategy of applying the best technology for well planning, we have found Drillworks to be the best tool for conducting geopressure analysis that is critical to the success of our drilling operations. Our main conclusion is that Drillworks Predict has to be the standard for PEMEX." Jorge Mancilla, Drilling Engineer, PEMEX PEP NTE
ITS is wholly owned by PEMEX, the National Oil and Gas Company of Mexico, and provides integrated international procurement services to PEMEX's operating units in Mexico.
About Drillworks 2004
Drillworks is an integrated geopressure and geomechanics solution from Knowledge Systems that is helping Exploration & Production companies worldwide improve their drilling success with new levels of risk reduction, cost savings, and drilling performance. The Drillworks solution of innovative Knowledge-Based Drilling software, training, and engineering consulting enables E&P companies to drill deeper, faster, and safer with less trouble and reduced costs.