FOR IMMEDIATE RELEASE
Contact: Ben Parker
parker@istore.com
713-787-6798 x155
iStore Helps Petroleum Industry Optimize Oil & Gas Production
New Web-based software creates unprecedented enhancement of production surveillance
and optimization
HOUSTON, TX - January 31, 2012 - The Information Store (iStore) announces the
launch of new Web-based software tools that improve the way companies manage oil
and gas field production. PetroTrek Optimization and Production Surveillance software
(PetroTrek OPS) answers the challenge to access and integrate relevant oilfield data
required to operate oil and gas wells safely and profitably. PetroTrek OPS quickly
connects operations and field staff with the information they need through real-time
dashboards and supports workflows that improve operator efficiency and well
performance. The announcement of iStore's new software line was made at the
Microsoft Global Energy Forum held today in Houston.
"iStore delivers on the promise of the digital oilfield," commented Barry Irani, iStore
President and CEO. "Our approach to applying information technology to the oil and gas
business focuses on measurable, real-world results in the oilfield and on the bottom
line," he said, "and we are helping our clients hit higher and higher production targets
even in mature fields where declines were expected." "Many of our customers have
already benefited from our approach and technology to achieve improved returns," Irani
added. "iStore is very excited to now offer a focused, cost-effective, and rapidly
deployable set of production monitoring and optimization tools with PetroTrek OPS."
PetroTrek OPS leverages iStore’s long track record of combining petrotechnical and
geospatial data to create an integrated data environment, allowing companies to quickly
deploy the software while utilizing existing sources of subsurface, facilities, and
production data. The software then makes appropriate data available to operations staff
and field personnel through Web-based charts, key performance indicators, and maps.
High frequency measurements, such as pressure readings from a well, are streamed in
real time enabling monitoring of critical systems. PetroTrek OPS also responds to
growing demand in the industry for workflow-driven applications by guiding users
through production operations activities, such as reviewing well performance or ranking
maintenance opportunities. The software is currently available for the Microsoft
SharePoint 2010, Microsoft .NET, and Windows Azure platforms, and it features
unlimited user licensing.
"iStore helped pioneer the digital oilfield and with PetroTrek OPS we continue to support
the industry as companies move toward integrated operations," added Irani. "Oil
companies constantly strive to improve safety for oilfield workers, boost well
performance and respond more immediately to the market - but it all ultimately depends
on data and how it is used." Irani concluded, "So it really is about tapping the hidden
potential of a company's vast reservoir of operations and production data, clearly
communicating it to the right people and giving them the tools to quickly act on that
information."
PetroTrek OPS equips oil and gas companies with core capabilities needed to rapidly
build integrated operations centers and enable multi-discipline collaboration, including
real-time integrated data, alarm monitoring, and well integrity management. It also
extends the control room into the field through remote access on laptops, touch pads,
and any Web-enabled mobile device.
"iStore's PetroTrek OPS is a great example of innovation that is helping to move the oil
and gas industry forward towards safer, more profitable operations," said Dr. Ali Ferling,
Worldwide Managing Director, Oil and Gas Industries at Microsoft Corp. "Oilfield
business and operations are marked by unprecedented complexities and pressure to do
more with less while enabling workforces in new ways. Solutions like PetroTrek OPS
show what’s possible in connecting people to vital information while helping to improve
operational efficiency and performance."
About iStore
iStore helps petroleum companies access exploration and production (E&P) data wherever it
resides and presents it in a useful form. As a result, customers improve asset performance,
reduce cycle time and maximize return on investment. iStore's Web-based PetroTrek products
reach out to technical and financial data and documents wherever they reside delivering costeffective, data-driven production surveillance & optimization, drilling, GIS, and data
management solutions. Founded in 1994, the privately held company’s headquarters are in
Houston. For more information, visit www.istore.com.