FOR IMMEDIATE RELEASE
August 9, 2000
LEADING OILFIELD SERVICES FIRMS TO FORM SUPPLIER PORTAL; EXPECTED TO
SIGNIFICANTLY FACILITATE ENERGY INDUSTRY B2B COMMERCE
HOUSTON, Texas - Twelve major oilfield services firms have announced
their intention to work together to form a joint venture company, OFS Portal.
OFS Portal would provide customers a single source of standardized electronic
catalog and service agreement information for the upstream products and services
provided by the participating suppliers. The firms are ABB, Baker Hughes, BJ
Services, Cooper Cameron, ENSCO, FMC, Halliburton, National Oilwell,
Schlumberger, Smith International, Transocean Sedco Forex, and Weatherford. The
first step in the plan is to conduct the design study, which is now underway.
OFS Portal services would be available worldwide to all customers,
either individually or through B2B exchanges. Suppliers in all oilfield products
and services segments would have the opportunity to participate in OFS Portal.
In taking this action, the participating companies are responding to
the increasing number of requests from B2B exchanges and portals, as well as
many individual customers, to provide information and support to their various
online procurement efforts. The twelve founding members of OFS Portal believe
e-commerce has enormous potential for the industry. The intent of OFS Portal is
to benefit both buyers and sellers by reducing overall costs and improving
efficiency through a common approach to integrating supplier offerings into
multiple e-procurement environments.
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As a not-for-profit independent service, OFS Portal would format and
publish standardized content, enable subscription by users, establish
transaction standards, and facilitate other aspects of the procurement process.
OFS Portal would not operate as an exchange for executing transactions.
For additional information contact:
ABB Noel Monjure - 281-847-4614
Baker Hughes Gary Flaharty - 713-439-8039
BJ Services Mike McShane - 713-462-4239
Cooper Cameron Scott Amann - 713-513-3344
ENSCO Richard LeBlanc - 214-922-1550
FMC John Hatch - 281-591-4208
Halliburton Guy Marcus - 214-978-2691
National Oilwell Alex Prejean - 713-346-7664
Schlumberger Linda Silinsky - 281-285-4270
Smith International Margaret Dorman - 281-443-3370
Transocean Sedco Forex Jeff Chastain - 713-232-7551
Weatherford Don Galletly - 713-693-4148
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