“Our goal with AspenTech remains unchanged—to drive greater operational efficiency by eliminating the divide between upstream and downstream business processes,” said Olivier Le Peuch, president, SIS. “Over the past several months, the oil and gas industry has responded favorably to the integration of our strong domain capabilities. By taking this next step, we can better serve the upstream market through accelerated technology delivery and a unified market presence.”

In a separate agreement, SIS is granted the rights to develop, include or embed Aspen Operations Manager™ as a technology component in products it develops for upstream oil and gas. Aspen Operations Manager is an infrastructure technology that enables analysis and visualization of production operations information. These agreements illustrate the two organizations’ ongoing efforts to provide the oil and gas industry with a full-scope, end-to-end software system for oilfield management and production optimization.

“We are delighted to expand our relationship with Schlumberger, whose global understanding of the oilfield and best-in-class production software are perfect companions for AspenTech’s deep process industry expertise,” said Mark Fusco, president and CEO, AspenTech. “This new agreement reaffirms AspenTech’s commitment to this important market segment and enables us and SIS to bring high-value solutions to market more quickly, fully capitalize on our individual strengths and technologies, and ultimately deliver significant value to our customers in the oil and gas market.”

 

Aspen Technology, Inc. provides industry-leading software and professional services that help process companies improve efficiency and profitability by enabling them to model, manage and control their operations. AspenTech’s integrated aspenONE™ solutions are aligned with the key industry business processes, providing manufacturers the capabilities they need to optimize operational performance, make real-time decisions and synchronize the plant and supply chain. Over 1,500 leading companies already rely on AspenTech’s software, including Bayer, BASF, BP, Chevron Corporation, DuPont, ExxonMobil, Fluor, GlaxoSmithKline, Sanofi-Aventis, Shell, and Total. For more information, visit www.aspentech.com.

Schlumberger is the world’s leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry. The company employs more than 64,000 people of over 140 nationalities working in more than 80 countries. Schlumberger supplies a wide range of products and services from seismic acquisition and processing; formation evaluation; well testing and directional drilling to well cementing and stimulation; artificial lift and well completions; and consulting, software and information management. In 2005, Schlumberger operating revenue was $14.31 billion. For more information, visit www.slb.com.

 

Contacts:

For Media:                                                                                      For Investors:
Marie Telepneff                                                                                AspenTech Investor Relations
Aspen Technology, Inc.                                                                    Aspen Technology, Inc.
Tel: (617) 949-1324                                                                         (617) 949-1624
E-mail: [email protected]

 

Susan Ganz

Schlumberger

Tel: +281-285-8245

E-mail: [email protected]