Nabors' EPOCH Subsidiary Unveils `MyWells.com
HOUSTON--(BUSINESS WIRE)--May 9, 2000--Nabors Industries Inc. (AMEX:NBR) announced today that its subsidiary, Epoch Well Services Inc., has unveiled MyWells.com, a unique, technology driven method for customers to monitor well performance using Internet access. The new product was rolled out at the Offshore Technology Conference in Houston last week.
"MyWells.com is part of a new generation of software being released by Epoch that provides customers with better access to wellsite information," said Eugene M. Isenberg, chairman and chief executive officer for Nabors. "This speeds reaction time, potentially saving our customers significant amounts of money." MyWells.com uses satellite communications to link users with a broad range of drilling parameters. In addition to real time drilling data, My.Wells.com provides comprehensive daily reports; detailed performance summaries for the rig, well or area; drilling instrumentation logs; and daily mud logs that the driller or company man would normally see only on location. It also provides querying capabilities, which enhance engineering prognosis. Rather that simply supplying a graphical image of the data, the actual wellsite database is available to the end user for integration into in-house or third party geophysical, geological and drilling software.
"What makes this product so useful is that it can be accessed anywhere you can access the Internet," said Isenberg. "In addition to being able to rapidly receive well information at the office, customers can now get that same information in real time while at home, traveling on business or on vacation, or just about anywhere else."
A variety of other features make MyWells.com desirable to customers. These include:
-- instant access to personnel on the rig via voice/fax
communications and e-mail
-- efficient partner reporting via a system that allows partners
to check well status daily instead of waiting on faxed reports
-- all necessary information in one place, to facilitate the
filing of regulatory forms
MyWells.com also has a state-of-the-art security system with user access controlled by the customer. Information is protected by advanced firewall technology and is encrypted for transmission across the Internet using Secure Socket Layer (SSL) technology, preventing data from being viewed during transmission.
The Nabors companies actively market over 500 land drilling and 680 land workover and well-servicing rigs worldwide. Offshore, Nabors operates 37 platform, 11 jack-up, and four barge rigs in the Gulf of Mexico and international markets. These rigs provide drilling, workover and well servicing services. Nabors also operates 31 marine transportation and support vessels in the Gulf of Mexico. In addition, Nabors manufactures top drives and drilling instrumentation systems and provides comprehensive oilfield hauling, engineering, civil construction, logistics and facilities maintenance, and project management services. Nabors participates in most of the significant oil, gas and geothermal markets in the world.
Nabors' stock is listed on the American Stock Exchange (NBR). For further information, please contact Dennis A. Smith at Nabors at 281/874-0035. To request Investor Materials, call 281/775-8000 -- extension 6363.
CONTACT:
Nabors Industries, Houston
Dennis A. Smith, 281/874-0035
or
To request Investor Materials, 281/775-8000 Ext. 6363 |
