Company Profile - The Information Store

Company Profile - The Information Store Company Profile iStore: Transforming the decision-making process for the exploration and production industry iStore (The Information Store) helps petroleum companies efficiently connect people with exploration and production data wherever it resides and presents it in a useful and familiar form. The firm’s Web-based PetroTrek? software gives asset management team members the data they need to make informed, timely decisions. Founded in 1994, iStore is headquartered in Houston with operations in Mexico and an office in the Middle East. iStore’s clients are oil companies, service companies and joint ventures, including Chevron, Marathon, BP, PEMEX, PGS, Reliance and RasGas. iStore has strategic alliances with CSC, Microsoft, InfoSys, and Oracle. The company is staffed by petroleum engineers, geologists, geophysicists, land men and computer scientists with an average of 20 years in the industry. A Pioneering Legacy iStore has been assisting oil companies with their information and data access challenges for more than 15 years. Inspired by experience and knowledge gained from the Petrotechnical Open Software Corporation (POSC) initiative, and building on their oil industry background, iStore’s founders pioneered a new approach to accessing data directly, departing from the traditional method of organizing data in a central repository. iStore recognized early the value of leveraging existing investments in information technology by integrating data from the myriad sources of information across an oil company and providing quick data access to the right people. Unlocking the Power of Information To make decisions, oil companies rely on a wide range of data which includes technical, production, reserves, financial and contractual information. Existing systems do not allow easy Page 2/iStore Company Profile access for all users across the business. Data is stored to meet the specialized needs of some users, making it impractical for others to find the information they need. stored and combines it, iStore’s PetroTrek technology reaches out to data wherever it is giving geoscientists, managers and engineers a single, easy way to access the right information over the company’s intranet or even the Internet. Most knowledge workers today are overwhelmed by the task of simply finding the data they need to make informed decisions. Users need a simple way to quickly view, organize, visualize, analyze and compare data. iStore’s approach focuses on these user needs. iStore solutions are non-disruptive and provide a seamless work environment for users, even as underlying systems and technologies change. “Using Web technologies, our PetroTrek solution can reach out to databases across an organization to pull together specific information users need to do their work,” said Barry Irani, president and chief executive officer at iStore. “Bringing different types of data together from various databases at a click of a button – and having it presented in a familiar and useful form – saves an incredible amount of time. Plus, PetroTrek users don’t have to learn multiple applications to get the data they need.” Delivering the Digital Oilfield Oil companies today are realizing that the vision of a digital oilfield can only be achieved through efficient access to quality information when it is needed, on demand, and from any location. iStore is delivering the promise of this vision now for some of the world’s largest oil companies, including BP, Chevron, Shell, Marathon, RasGas and PEMEX. iStore’s proven approach and technology are resulting in improved operational efficiencies, reduced cycle time, and higher return on investment. For Media Inquiries Kristine Tanzillo, The TransSynergy Group/Dallas + 1 (972) 717-3500 x226 ktanzillo@transsynergy.com