Energy Virtual Partners Select PointCross' Orchestra

HOUSTON, April 29 /PRNewswire

ointCross, Inc., the world's first goal-driven business process management software company, today announced that Energy Virtual Partners, Inc. (EVP) has selected Orchestra(TM), its Web-based platform, as the infrastructure solution to manage its oil and gas asset management processes. PointCross will provide Orchestra for effective management of knowledge and project processes within EVP and with its global customers, partners, and contractors.

EVP is a new cutting-edge, oil and gas asset management service that offers energy companies a high-value alternative for non-core properties. EVP's unique approach increases the value of an energy firm's under-resourced assets by leveraging its virtual team of top industry talent, and "fit-for- purpose" high-end reservoir, drilling and risk management technologies and practices -- all at no additional risk or expense to its customers. Bob Peebler, EVP president and CEO said, "EVP considered and evaluated many technology solutions to manage knowledge and project processes with our customers, partners and contractors. It quickly became apparent that PointCross' comprehensive platform was the only technology available that met our virtual operational needs of an internet-based knowledge management infrastructure that was project centric and could reach across company boundaries."

"Oil and gas asset management has to be knowledge intensive, with real- time collaboration and corroboration within our virtual team, and with our partners and contractors. The value of our virtual team grows in proportion to the size and effectiveness of our global functional networks. We found that Orchestra, with its unique contextual networking capability, is the only solution that makes this possible, while simultaneously capturing rapidly developing knowledge and decisions for continuous learning and rapid reuse on multiple projects. All of these factors are vital to the long-term success of EVP and our partners," Peebler added.

Pradeep Anand, PointCross president, said, "EVP is the most exciting, game-changing development in the energy industry today, and we expect the company to go places. Led by Bob Peebler, an industry visionary, EVP's business model is a compelling solution for global energy firms to reduce asset management expenses. PointCross prides itself on being selected as EVP's infrastructure solution for lowering costs and cycle times in oil and gas asset management."

EVP will take advantage of Orchestra's unique ability to coordinate globally dispersed team members, partners and contractors, through a goal- driven set of common processes, giving participants focused access to their individual objectives, and instantaneous visibility into all relevant information for rapid, high-quality decision-making, which can be revisited in the future.

Orchestra's reusable goal-driven process management system includes many significant capabilities designed to support decision-making and knowledge management in dynamic business networks.

Energy Virtual Partners is a true virtual business, leveraging state-of- the-art computing and internet technologies to link partners together with one goal in mind: to ensure that the asset owner can assign the majority of their resources -- people, capital, and management time -- to focus on core activities while utilizing EVP to maximize the value of the remaining portion of their portfolio. EVP offers a high-value alternative for non-core properties which are being under-resourced or may be prematurely sold. These oil and gas properties make up a significant part of many major energy companies portfolios. By bringing together top industry talent and technologies, EVP's unique approach can increase an asset's value by lowering operating costs and increasing reserves. Energy Virtual Partners, Inc. is located at 520 Post Oak, Suite 400, Houston, Texas 77027. For more information on its services, call 713 963 0972 or visit the Web site at http://www.energyvp.com

PointCross is the world's first goal-driven business process management software company. PointCross' customers include Major Oil Companies, Offshore Joint Venture Projects, and Oilfield Service Companies. PointCross' solution Orchestra is used for Asset Management, Capital Project Management, HSE Audits, Project Management, Knowledge Management, Drilling, IT Project Management, Software Development, Procurement Management, Contract Management, Engineered-Product Delivery and other goal-driven business processes. Orchestra combines the advantages of "Business Process Management", "Management by Objectives", and Management by Exceptions". For more information about PointCross, please visit http://www.pointcross.com

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