State-of-the Art Technology Summary from PTTC Network News Volume 6, 1st Quarter

Current Oil and Gas e-Commerce Internet Sites

http://www.atsi.com
Developer: Applied Terravision Systems Inc.
Purpose: Provide accounting and asset ownership software accessed via the Internet
Launch: pre 1999
Distinctive Features: Clients access financial, operational and geographical data using private accounts via the Internet. Earth-related software is used by an array of industries, including energy companies and government agencies. Applied Terravision provides Web-hosting services, a pay-as-you-go utility arrangement in which customers use a Web browser to access ATS applications via the Internet. This approach enables clients to reduce their total cost of ownership and gain access to ATS applications regardless of time or location. ATS can then help optimize customers' business processes by allowing transactions with customers, suppliers and partners.

http://www.a2d.com
Developer: A2D Technologies Inc.
Purpose: Provide digital well log data and productivity-enhancing geologic software access via the Internet
Launch: pre 1999
Distinctive Features: LOG-LINE™, A2DTechnologies' web site database, was the petroleum industry's first Internet delivery vehicle for well log data. Current data sets include the Gulf of Mexico (complete coverage of shelf and deepwater), Gulf Coast, Permian Basin, and Rocky Mountains/MidContinent. The site also provides geologic software. Eventually A2D hopes to offer all available well logs, in any format, anytime, anywhere via the Internet. A2D also offers an Internet-based log data management service. For example, A2D manages Texaco's worldwide well log database, Loglib. Through a secure Intranet T1 line, A2D gathers, "cleans up," indexes, and makes available Texaco's proprietary data to all Texaco users around the world.

CE Franklin/MRO.com Site
Developer: CE Franklin
Partners: MRO.com Inc.
Purpose: Provide an online marketplace for MRO (maintenance, repair and operating) procurement.
Launch: 2000
Distinctive Features: CE Franklin Ltd. is a leading supplier of goods and supply chain services to the Canadian oil and gas industry and MRO.com, Inc. is a provider of business-to-business MRO e-Commerce systems. CE Franklin will use MRO.com's technology to create a marketplace that will allow their customers to develop and implement a complete e-procurement strategy that will integrate the entire project planning, maintenance, repair and operating supply chain, streamline the order management process and save time and money on purchasing transactions. CE Franklin currently has two key customers who will partner in the initial implementation of the new technology; Talisman Energy Inc. and Westcoast Energy Inc.

http://www.eandpnet.com
Developer: Hart Publications Inc.
Purpose: Information portal and product marketing.
Launch: 1999
Distinctive Features: Searchable online version of existing print guides to pipe connections, casing, etc., and a North Sea buyers guide.

http://www.energynet.com
Developer: EnergyNet.Com Inc.
Purpose: Oil and gas property auction site
Launch: 1999
Distinctive Features: Buyer qualification and certification requirements include a bank reference and bank-approved bid allowance. This increases the likelihood that buyers have a demonstrated level of involvement in the oil and gas business and investment sophistication.

http://www.energyportal.com
Developer: EnergyPortal.Com LLC
Purpose: Subscription-based trading hub for E&P products and services
Launch: October 1999; currently soliciting members.
Distinctive Features: The site will provide access to catalogs in multiple formats, generation and submission of requests for quotes, submission of quotes, negotiation and counter offers, side-by-side comparisons of prices and product information, generation and submission of purchase orders and their export into suppliers' ERP systems. In addition, the site will host virtual communities, such as chat rooms and discussion forums, along with content such as news, weather, oil and gas prices. Annual subscription fee and additional fee when transaction closes.

http://www.energyprism.com
Developer: EnergyPrism.com, Inc.
Purpose: Currently includes a large number of links grouped by category. Intends to become a trading hub when fully functional.
Launch: Online in September 1999; e-commerce features scheduled for early 2000.
Distinctive Features: When fully functional, the site will allow users to buy and sell new equipment through online requests for quotes; trade used equipment through online auctions; arrange for industry support services; advertise products and list properties for sale.

http://www.enersection.com
Developer: eNersection.com
Purpose: A trading hub that will allow exploration and production companies to purchase a wide range of products and services over the Internet
Launch: early 2000
Distinctive Features: This site promises to provide more than simply a transactional capability to buy and sell equipment. It also plans to provide technical information, performance data, and company track records on issues such as safety and regulatory compliance; factors required to make informed purchases. In addition the site will easily integrate with proprietary systems already in place, and enhance traditional industry buyer-seller relationships, with a focus on sharing of information and best practices. The management of eNersection.com includes former executives of Halliburton Energy Services, ProTechnics, Shell Offshore,Texaco and Schlumberger.

http://www.eoilfield.com
Developer: eOilfield, Inc.
Purpose: Auction site for new and used oilfield equipment and related services
Launch: February 2000
Distinctive Features: No membership or registration fees. Site charges a transaction fee of 5% to seller.

http://www.erig.net
Developer: Taylor Drilling Services, LLC
Purpose: Equipment auction site
Launch: late 1999
Distinctive Features: Currently soliciting items for bid. Links to related companies and news service are functional but other features are under construction.

http://www.esasa.com
Developer: eSASA
Purpose: A full service, global auction site for surplus capital equipment, including oil and gas E&P and processing equipment.
Launch: late 1Q 2000
Distinctive Features: Provides a way to source, evaluate, inspect, purchase, finance and move surplus capital equipment on a global basis. The eSASA system allows customers to transact business in the language of their choice, enabling members of the global community to compete on an equal basis.

http://geonetenergy.com
Developer: GeoNet Energy Services, Inc. with (Swivelhead; Gaspra Technologies; Valenti Engineering Services, Inc.)
Purpose: Provide IT solutions for oil and gas companies to run their businesses, on the Internet
Launch: March 2000
Distinctive Features: The site promises to provide upstream and downstream industry-specific software applications, remote computing and data management services over the Internet. The centerpiece of this site will be a relational database that aggregates detailed information on over 1,500 oil and gas software applications. Engineering professionals will be able to point, click and access software directly applicable to their operational needs. This time-metered system will be a new alternative to existing software licensing and hardware-purchasing options. The software will support the upstream and downstream functions of the oil and gas business, which include geoscience, engineering, construction, marketing, accounting and financial management activities.

http://www.ihsenergy.com
Developer: IHS Energy Group, Inc.
Purpose: Online data sales and data collection/management
Launch: pre1999
Distinctive Features: This site delivers a variety of subscription and individually priced data products. Products include well, production, drilling, geological, and pipeline information for the U.S., Canada and International locations. Subscribers can also analyze data using software applications, over the Internet. Recently, the site began a Web-based oilfield data collection service where field personnel digitally collect, record, and transmit field data (pressures, volumes, lift equipment data) directly for immediate use at any client location worldwide. The system can also be used to send and receive email and generate graphs and reports so engineers can diagnose problems quickly.

http://www.iinoil.com (energy24.com)
Developer: Integrated Intelligence Network plc.
Purpose: Information portal with global industry news and contacts.
Launch: 1998
Distinctive Features: Subscription-based with relatively low subscription rate. Content includes edited news from a variety of feeds, worldwide industry projects directory, and company directory.

http://www.indigopool.com
Developer: Schlumberger, Inc.
Purpose: A trading hub for clients to securely market oil and gas properties, prospects and data.
Launch: February 2000
Distinctive Features: Services for the oil and gas industry include: listing of oil and gas properties for sale, sales of seismic and other data, interactive on-line data rooms and virtual interpretation centers. The site will ultimately be expanded to offer global information-management services for the exploration and production industry. The site will offer links to Schlumberger's data management operations and services for the preparation of data for posting on a Web Site.

http://www.invrec.com
Developer: Investment Recovery Management, Inc. (IRMI)
Purpose: Classified listing of used equipment for sale
Launch: pre 1999
Distinctive Features: Users check list and contact IRMI by phone if interested. Site also advertises IRMI inventory reduction services.

http://www.istore.com
Developer: The Information Store, Inc.
Purpose: Provide data and software systems for managing data via the Internet
Launch: pre 1999
Distinctive Features: Site includes an "exchange" where data owners can sell, buy, share and trade information.

http://www.maurersoft.com
Developer: Maurer Engineering, Inc.
Purpose: Provide software for drilling engineering design tasks.
Launch: pre 2000
Distinctive Features: Currently offers software for cementing, coiled tubing, casing, drill string torque & drag, and wellbore hydraulics via the Internet. No fee at present but expect to go to pay-per-view in the future.

http://www.networkoil.com
Developer: NetworkOil Inc.
Purpose: Act as a hub for trading petroleum equipment and services
Launch: Currently undergoing closed testing in preparation for first-quarter 2000 launch
Distinctive Features: Burlington Resources, Inc., EOG Resources, Inc. (formerly Enron Oil & Gas) and Ocean Energy, Inc. are among the first 30 oil and gas companies that plan to work with NetworkOil. More than 70 supplier companies have also been enlisted. The site promises to provide a neutral, central resource for the evaluation and exchange of goods and services between energy companies and suppliers, as well as a clearinghouse for surplus goods and materials. The site's funding strategy targets energy firms as initial investors. Membership and participation in the marketplace is free; a small commission is paid on successfully executed transactions. The marketplace will be open to all equipment, service and oil and gas companies that buy and sell new, used and surplus equipment or supply and contract for services.

http://www.novistar.com
Developer: Novistar, Inc.
Partners: Oracle Corp.
Purpose: Internet accessible software applications for production planning, operations, and accounting.
Launch: 2000
Distinctive Features: Through its partnership with Oracle Corporation, Novistar offers both outsourcing and on-line, hosted solutions for its customers based on the Oracle Energy Upstream suite of applications. Its outsourcing service provides turnkey business transactions processing and decision support. On-line hosting solutions enable customers to access Novistar's system from their offices using their own employees.

Oil & Gas Journal Exchange
Developer: pennNet (PennWell Corp.)
Purpose: Online auctions of oil and gas producing properties and marketing of prospects
Launch: early 2000
Distinctive Features: pennNet recently acquired EBCO, an oil and gas property auction service, as part of this collaborative effort.

http://ogj.pennwellnet.com
Developer: pennNet, part of Pennwell Corporation
Purpose: Information portal with global industry news and classifieds
Launch: pre-1999
Distinctive Features: Classified listings, original news items, product catalogs and other content features that are extensions of PennWell's print product, the Oil and Gas Journal.

http://www.oilandgasonline.com
Developer: VerticalNet, Inc.
Purpose: Information portal with global industry news, classifieds, product catalogs, and auction service
Launch: pre-1999
Distinctive Features: Classified listings, original news items, product catalogs and other content features that are only available online. Equipment and property auction service was recently initiated.

http://www.oildex.com
Developer: TransZap, Inc.
Purpose: An ASP that hosts software applications on its own servers within a secure network operations center.
Launch: January 25, 2000
Distinctive Features: Customers access Oildex ConnectTM software via the Internet. Oildex Connect works with company accounting systems to automate business-to-business workflow, and accomplish secure Internet transactions. This software allows trading partners with disparate information and accounting systems to integrate a variety of business processes. The site developer, TransZap, Inc., has also developed standardized tags for vendor invoicing for oil and gas field operations. These tag sets create standardized statements for Internet transactions that were previously unavailable from any vendor. Operating companies and vendors will be able to transport detailed invoicing between each other, despite having incompatible accounting systems.

http://www.oildirectory.com
Developer: Jarrett Industries Inc.
Purpose: Information portal with online directory and classified equipment listings.
Launch: pre-2000
Distinctive Features: A directory site primarily for Canadian companies with some additional features.

http://www.oilfielddirect.com
Developer: Oilfield Direct Inc.
Purpose: Internet "store" for oilfield supplies
Launch: April 2000
Distinctive Features: Site provides a high profile, 24/7 internet presence for manufacturers. Essentially plans to become a lower-margin retailer of oilfield supplies, particularly for smaller manufacturers that don't have access to geographically distant areas.

http://www.oilexchange.com
Developer: OilExchange Inc.
Purpose: Listing of properties and prospects
Launch: March 2000
Distinctive Features: This site will be distinguished by it's proprietary Virtual Data Rooms™ that will provide the data necessary for reviewing, selecting and submitting bids to purchase properties presented online. Buyers can screen and prioritize these prospects using information traditionally located at the seller's office. The site also plans to offer an online clearinghouse for oil companies seeking financing for acquisitions and development of producing properties. Accredited financial institutions and investors will be able to review the projects online and bid to provide financing

http://www.oilfieldequip.com
Developer: OEM Inc.
Purpose: Searchable database of new and used equipment
Launch: pre-2000
Distinctive Features: Site also offers referral and locator services for equipment.

http://www.oilfieldequipment.com
Developer: International Oilfield Equipment Brokers Ltd.
Purpose: Classified listing of oilfield equipment
Launch: 1997
Distinctive Features: User checks list and contacts IOEB by phone if interested in a piece of equipment.

http://www.oil-field.com
Developer: Oil-Field Equipment
Purpose: Classified listing of oilfield production equipment
Launch: pre-2000
Distinctive Features: Searchable online list of equipment for sale, organized by category. Very low listing fees.

http://www.oilfield-source.com
Developer: CAS Media Group
Purpose: Directory of oilfield product and service providers with links to websites
Launch: 1999
Distinctive Features: Free access to a very limited directory. Parent corporation designs websites for companies wanting a web presence, some of which are in the directory.

http://www.oil-n-gas.com
Developer: Oil-N-Gas, Inc.
Purpose: Online classified listing of oil and gas investment opportunities available to qualified members.
Launch: March 1999
Distinctive Features: Only available to members qualified as an accredited investor under SEC Regulation D.

http://www.oilproperties.com
Developer: OilProperties.com
Purpose: Oil and gas properties auction site
Launch: February 2000
Distinctive Features: Searchable listing of properties up for bid. Bidders must be registered members to get detailed property data or to enter bids. Online software can be used to calculate bid estimates based on input criteria for specific properties.

http://www.oilonline.com
Developer: Atlantic Communications, Inc.
Purpose: Information portal with industry directory
Launch: pre-1999
Distinctive Features: Classified listings, an industry directory (free and fee-based versions), news items, product catalogs and other content features that are extensions of Atlantic Communications' print product, the Gulf Coast Oil Directory.

http://www.oiltrash.com
Developer: Oiltrash.com
Purpose: Information portal with classified listings of oil and gas equipment, properties and prospects.
Launch: pre-2000
Distinctive Features: This site generates revenue from classifieds, advertising and directory listings. The content is fairly regional (Rocky Mountain) in scope.

http://www.petris.com
Developer: Petris Technology Inc.
Purpose: Online purchase of geological and geophysical data and a listing of properties for sale.
Launch: 1999
Distinctive Features: Site allows geologists and geophysicists to locate and license exploration data from a variety of publishers (digital well logs, scout tickets, seismic data, biostratigraphic data and technical articles from the AAPG and SEPM dating back to 1917). Most data is available for direct download to your workstation, regardless of computing platform. Petris staff will also do custom searches. A recent feature is a property exchange where members can display or view data rooms related to properties for sale. Buyer access to the data rooms requires permission of the listing company and payment of a minimal per visit fee.

http://www.petrocosm.com
Developer: Chevron
Partners: Ariba, Inc. (platform provider), Crosspoint Venture Partners (venture capital)Contributors/Associates: Requisite Technology, Inc.(content management)
Purpose: Provide internet-hosted procurement for companies of all sizes to buy and sell oil and gas industry products and services (drilling, electrical, pipes, valves and fittings, and professional, engineering, and construction services).
Launch: Second Quarter 2000
Distinctive Features: Ariba, Chevron and Crosspoint Venture Partners each will have minority stakes in this venture. The majority of equity ownership in Petrocosm is expected to be held by energy industry participants of all sizes. The equity stake for each participant is expected to be based on the amount of business committed through the marketplace, with special consideration for those who commit sooner. Ariba will receive revenues based on a percentage of transaction-based network revenue streams. This equity structure encourages industry ownership and broad participation from both buyers and suppliers. The savings potential for buyers is estimated to be from 5 percent to 30 percent of spending. Petrocosm is expected to include catalogs with millions of products and services, auctions, reverse auctions, bid/ask exchanges, strategic sourcing, spot buying, customer-specific pricing, electronic payments, logistics, integration to ERP systems and online community forums. Chevron intends to help initiate the site's transactional liquidity by targeting a substantial portion of its annual $10 billion in spending through Petrocosm. Chevron and Ariba will also leverage components of the Ariba procurement solution that is already fully functional in Chevron's Bakersfield, Calif. operations.

http://www.petrodeal.com
Developer: petrodeal.com
Purpose: Online auction site
Launch: Spring 2000
Distinctive Features: Site is not yet open for review

http://www.petroleumplace.com
Developer: The Petroleum Place, Inc.
Purpose: Provides listings of properties for members and classified listings of equipment. Also an information portal with industry news, employment listings and editorial content.
Launch: pre 1999
Distinctive Features: Buyers can review electronic deal rooms, preview and acquire data for upcoming property auctions, and query a database of available producing properties and opportunities. The site is partnered with Dallas-based TradeBank, an oil & gas company consortium that helps its member companies optimize their portfolios by maintaining an online database of properties and contacts. Petroleum Place provides a virtual community on the Internet for TradeBank members.

http://www.petroleumsite.com
Developer: Petroleumsite.com
Purpose: Information portal with classified listings.
Launch: 2000
Distinctive Features: Subscription service to new drilling permits; basic listings of properties, prospects, used equipment and field services.

http://www.petroweb.com
Developer: Hunter's Petroleum Exchange Ltd.
Purpose: Properties and prospects listings, including detailed descriptions (in "deal rooms") for members.
Launch: 1999
Distinctive Features: Site also delivers a map interface for managing data from a variety of sources. Users can investigate areas of interest by displaying land grid and well data, search available seismic data, locate pipelines, monitor lease/land and property sales and more. Data for use with the mapping software can be accessed from suppliers linked via internet: CD PubCo, PennPoint, PennWell MAPSearch, Offshore Data Services, Inc., Premier Data Services, Ensight Information Services, Tobin International Ltd., ReQuest Seismic Surveys Ltd., and Western Geophysical.

http://www.plsx.com
Developer: Petroleum Listing Service
Purpose: Online listing service for properties, prospects, mineral rights, and royalty interests.
Launch: 1999
Distinctive Features: PLS listings are disseminated by a number of hard copy reports, as well as on the Internet. These reports are available by subscription or as a premium with membership. Members must be experienced industry participants or qualified investors. Dues for membership range from $295 to $695.

http://www.prospectone.com
Developer: prospectONE.com Inc.
Purpose: Clearinghouse to connect buyers and sellers of prospects, properties, interests and leases
Launch: early 2000
Distinctive Features: Currently gathering prospects. A limited number of example properties offered at this time to show functionality.

http://www.rigmatch.com
Developer: RigMatch Information Services
Purpose: Supplies daily well permit information for the U.S. Gulf Coast
Launch: 1997
Distinctive Features: Well permit information is downloadable. Site also features a search engine that targets 1000 selected oil and gas industry sites, and news feed.

http://www.rigzone.com
Developer: Rigzone Inc. (formerly Oceandril Data Services Inc.), Beacon Interactive
Purpose: Free information on offshore drilling rigs worldwide
Launch: 1999
Distinctive Features: Registered users have access to a searchable rig database, a resume database, equipment and services classifieds and an e-mail newsletter. Revenue is generated via banner ads and classifieds.

Shell/Commerce One Site
Developer: Shell
Partners: Commerce One
Purpose: Site for procurement of equipment and services for the oil, gas and chemicals industries.
Launch: second quarter 2000
Distinctive Features: A global exchange, based on the Commerce One MarketSite portal, designed to be open to energy companies, their suppliers and their customers. It will also be designed to help regionally based small and medium sized enterprises compete globally in a way that was not possible before. Commerce One will be paid license fees for their Internet technology. Initially, Shell will have the majority stake in the new joint venture; Commerce One and the joint venture staff will also have an equity stake. Shell expects the new system to cut its procurement cost significantly.

Statoil/mySAP.com Site
Developer: Statoil (with mySAP.com)
Purpose: Site for procurement of equipment and services for the oil industry
Launch: second quarter 2000
Distinctive Features: For buyers: reduced transaction costs, quick evaluation of product alternatives, simplified handling of calls, increased market transparency, up-to-date product information. For sellers: expansion of markets, lower costs of sale, focused market presence, reduced transaction costs, reduced time of accounts receivable open, simplified handling of calls for tender and reduced marketing cost.

http://www.surplussearch.com
Developer: NetMARC Inc.
Purpose: Database of surplus tubular products accessible to registered users.
Launch: pre-1999
Distinctive Features: Downloadable software allows users to search for tubular products by OD, Wt/Ft, Grade or geographic location.

http://www.theoilauction.com
Developer: NA
Purpose: Property auction site
Launch: February 2000

http://www.uklift.co.uk
Developer: Schlumberger, Oil and Gas Industry Task Force, UK Offshore Operators Association, Department of Trade & Industry
Purpose: Listing site for North Sea licenses that companies wish to divest
Launch: 1999
Distinctive Features: License Information for Trading (LIFT) is a collection of informative web pages where companies interested in UK petroleum license trading can advertise assets for sale or swap and review advertised assets for potential acquisition. A model for the indigopool.com site being developed by Schlumberger.

http://www.upstreaminfo.com
Developer: Chevron
Partners: Electronic Data Systems Corp., Raytheon, Information Store Inc.
Purpose: Will allow companies to sell information such as seismic data to other companies.
Launch: May 2000
Distinctive Features: Managing upstream data in this kind of infrastructure is expected to be more cost effective than the existing system where a dozen companies manage much of the same data independently.

http://www.wellbid.com
Developer: WellBid, Inc.
Purpose: Online acquisition of well drilling or workover products and services.
Launch: October 1999
Distinctive Features: Engineers specify the detailed physical, geographical and time requirements for the products and services needed to drill or workover a well, using detailed bid templates. Specifications are automatically sent by WellBid as requests for proposal, requests for quote, or requests for AFE proposal to the operator's list of approved sellers by email, fax, or wireless notification. Sellers respond to these requests either through WellBid or by phone, fax or mail. The Profile Links feature, a form of targeted online advertising, allows sellers to provide geographically and categorically specific information about the quality of their products and services to buyers at the purchase decision point, providing a way for sellers to promote their goods and services on more than price alone.

http://www.worldoil.com
Developer: SCF Partners
Partners: Battery Ventures, Gulf Publishing Co.
Purpose: Online purchase of equipment and services
Launch: 2000
Distinctive Features: WorldOil.com will leverage the brand recognition, editorial content and access to individuals responsible for ordering oilfield services and equipment that Gulf Publishing now enjoys as publishers of the World Oil Composite Catalog.