WorldwideMerrick Systems and Decision Team-Software Sign Technical Alliance
December 27, 2002 (Houston, TX) - Merrick Systems, Inc. and Decision Team - Software GmbH, have signed a collaborative Technical Alliance Agreement to deliver the seamless integration of the two companies’ oil and gas production software packages. Together these products will give oil and gas professionals immediate access and control of their data, improving business efficiency.
Decision Team’s benchmark product, Decide! for Oil and Gas, is the industry's first intelligent reservoir surveillance software to combine intelligent data mining and neural network modeling technologies with proven reservoir engineering methodologies. When integrated with Rio, Merrick’s E&P enterprise technical datastore, users have extraordinary access to their forecasting and production optimization data, saving time and money.
Data Mining allows efficient discovery of valuable, non-obvious information from an E&P Data Warehouse. When integrated with RIO, every facet of an organization will have real-time access to pertinent information, accelerating their ability to make timely business decisions.
“Decide!’s surveillance and reservoir management tools will be a valuable asset to our users,” said Kemal Farid, president of Merrick Systems, Inc. “The amount of data available, and the ability to manipulate that data will be tremendous. We are happy to be working with Decision Team to bring the features of Decide! to our users in a seamless integration of our products,” said Farid.
“Partnering with Merrick Systems is an excellent way for us to add value to our product and give our customers a competitive edge,” said Michael Stundner, Managing Director of Decision Team. “By seamlessly linking Decide! as the data mining front-end to Merrick’s technical data repository, our users will have their reservoir surveillance and management data at their fingertips,” said Stundner.
About Decision Team Software GmbH
Decision Team - Software GmbH (DTS), the E&P Data Mining Company, is based in Baden, Austria and provides the industry's first intelligent reservoir surveillance software - merging innovative data mining technology with proven reservoir engineering methods. The company’s website is: www.decision-team.com.
About Merrick Systems, Inc.
Merrick Systems develops operational client/server software for the oil and gas industry. The company provides integrated software systems for field data capture, production accounting, plant allocations, regulatory reporting, production data management, and reservoir modeling and analysis. Merrick is headquartered in Houston with offices in Lafayette, Calgary and Vienna. The company’s website is: www.MerrickSystems.com.
