OFS Portal and Nexen Sign Electronic Data Agreement
HOUSTON (May 9, 2006)
With the execution of this agreement, Nexen joins OFS Portal’s member-based community of service companies, buyers and electronic networks.
Nexen is an independent, Canadian-based global energy company with interests in the North Sea, deep-water Gulf of Mexico, the Canadian Athabasca oil sands, the Middle East, and offshore West Africa.
OFS Portal helps simplify and reduce the costs of eCommerce by working with the industry to develop and implement data exchange standards.
The agreement between OFS Portal’s members and Nexen preserves the security of data ownership, confidentiality and reliability of information exchanged by trading partners.
Formed in 1971, Nexen Inc.'s principal activity is to explore, develop and produce crude oil and natural gas and related products around the world. The Oil and Gas segment of the business includes onshore operations in Yemen and Canada and offshore in the US Gulf of Mexico and the UK North Sea. (www.nexeninc.com)
About OFS Portal
Headquartered in Houston, OFS Portal, LLC is the leader in eCommerce in the oilfield industry, working with global standards organizations to converge or develop open and non-proprietary eCommerce standards for use in the upstream oil and gas industry. OFS Portal’s not for profit objective allows the delivery of cost-effective opportunities to make eCommerce a reality for both buyers and sellers. Electronic data is provided in standard format at no cost to OFS Portal members’ customers.
OFS Portal’s members include: Baker Hughes, BJ Services, Cameron, FMC Technologies, Greene, Tweed & Co., Halliburton, M-I Swaco, Schlumberger Oilfield Services, Smith International, Trican Well Services, Vetco International Ltd., and Weatherford International. Membership is open to all oilfield suppliers with activities in the upstream oil and gas sector. (www.ofs-portal.com)