Press Release

PointCross Releases IEPS 2.0, an Integrated Solution Suite for the E&P Industry

- HOUSTON, Oct. 19 /PRNewswire-AsiaNet/ Orchestra

Based IEPS Transforms Upstream Energy Business Processes

PointCross releases IEPS Version 2.0, an Integrated E&P Solutions suite for the upstream exploration and production industry. IEPS is built on the Orchestra(TM) platform. Since its initial release as a configurable funnel process, IEPS has gained rapid adoption at a global super major and at large oil & gas E&P companies. Its speed of deployment and flexibility in configuration has allowed these companies to drive their global portfolio of assets faster towards their reserves and production targets. IEPS 2.0 now pre-integrates the entire range of E&P processes and projects making it the first comprehensive infrastructure for E&P decision making. IEPS 2.0 is an open system that interoperates with other solutions. IEPS will continue to be delivered with its successful, unique, and popular delivery model under a fixed price, without requiring customers to write specifications or pay for consulting services.

IEPS leverages Orchestra's "contextual" framework, and system of record, for enterprise email, data, documents, and decisions. It combines the data collection, reporting, and workflow automation services of Orchestra to drive E&P processes and cap-ex projects from exploration to production, or from acquisition to divestiture, with data integrity and compliance to policies, while capturing and cataloging enterprise knowledge and expertise. Customers implement IEPS incrementally and customization is driven directly by their users who work with PointCross developers through the patent pending "I Wish ..." process.

"IEPS is a virtual oil-company-in-a-box that can serve any E&P company across all their processes, projects, and business functions," said John Mouton, Chairman and Co-founder of Object Reservoir, Inc., and a co-founder of Landmark Graphics Corp. (now a business unit of Halliburton). "What makes PointCross's IEPS uniquely positioned in the E&P industry is its broad footprint that spans and interconnects disparate processes and disciplines to create a single unified information and decision-making environment."

"We have been privileged to work with the largest and best oil companies in the world to transform their business to be more agile by making better decisions faster in this challenging energy market," said Suresh Madhavan, PointCross founder and CEO. "Our customers have helped us architect and configure the IEPS suite into a true game-changer for the E&P industry today."

"Our customers demanded secure facilities for email, virtual data-rooms and cross-enterprise workflows that meet compliance and audit requirements and IEPS delivers just that," continues Dr. Madhavan. "Orchestra-IEPS has open XML interfaces and data representations that use POSC and PPDM standards. It also embeds Google(™), Autonomy(™) or other search engines; and through OpenSpirit(™), it connects to geological and geophysical technical data."

About PointCross:

PointCross Inc. is a privately held, enterprise software technology company that already has globally dispersed presence (www.pointcross.com). Founded in late 1999, the company successfully took its Orchestra(™) platform to the upstream oil and gas E&P business in 2001. (SOURCE PointCross Inc.)

(SOURCE PointCross Inc.)

CONTACT:

Amit Bhandari,
E&P Global Account Manager of PointCross Inc.,
Tel: +1-281-295-1908, or +1-650-350-1900,
E-mail:
Web site: http://www.pointcross.com