Datastream Announces Latest Oil & Gas Success: Murphy Sarawak Oil Co., Ltd. Deploys Datastream 7i
Datastream Systems, Inc. (NASDAQ: DSTM) today announced that Murphy Oil Corporation (NYSE: MUR) has deployed the Datastream 7i Asset Performance Management solution across its production facilities in Malaysia. Murphy Oil’s Malaysian production affiliate, Murphy Sarawak Oil Co., Ltd., is using Datastream 7i to maximize equipment availability and reduce operating costs.
Murphy Oil Corporation is a global oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom, and crude oil and natural gas exploration and production operations in Canada. The company recently made a number of oil and natural gas discoveries in Malaysia and commenced operations there as well.
With its Datastream 7i deployment, Murphy Sarawak Oil Co., Ltd. has automated the management and maintenance of all the assets at its Malaysia facilities. Datastream 7i enables the company to schedule and perform preventive maintenance, automate the work-order process, and reduce inventory and procurement costs. The company is also implementing Datastream 7i barcoding functionality and integrating it with an existing document management system. This will create a seamless flow of information throughout the enterprise.
“Datastream 7i combines the functionality we need to manage our production assets with an extremely easy-to-use interface, ensuring end-user adoption,” said Murphy Sarawak Oil Co., Ltd. Development Manager Stewart Seatter. “As a Web-architected solution, Datastream 7i also enables us to consolidate all of our asset and inventory information from multiple facilities. This gives us unprecedented cross-enterprise visibility into our operations and enables us to reduce the cost of production through better maintenance processes and more effective inventory management.”
The Murphy Sarawak Oil Co., Ltd. deployment extends Datastream’s success in the oil and gas sector. Oil and gas producers worldwide use Datastream 7i to improve equipment availability and production capacity while reducing operating costs. One producer, Holly Corporation, was named a “technology visionary” by Start magazine and another, ChevronTexaco, was featured as an “elite plant” by Fortune.
“Datastream’s experience with multi-site oil and gas deployments enables companies like Murphy Oil to realize the benefits of Asset Performance Management very quickly,” said Datastream President and CEO Larry Blackwell. “By providing visibility into asset performance across multiple locations, Datastream 7i enables companies to make better business decisions and standardize processes based on best practices.”
About Datastream Systems, Inc.
Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 65 percent of the Fortune 500. Datastream’s solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance.
By using Datastream’s solutions, customers can maintain and manage capital assets – such as manufacturing equipment, vehicle fleets and buildings – and create analyses and forecasts so they can take action to improve future performance. Datastream’s flagship product, Datastream 7i(TM), delivers a complete Asset Performance Management infrastructure by combining an Internet, web services architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability.
Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit www.datastream.net .
Datastream and Datastream 7i are marks of Datastream Systems, Inc. or its subsidiaries. All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: increasing competition in the markets in which the Company competes; the stability of certain of the Company’s strategic relationships, including those with suppliers of maintenance, repair and operations parts; the ability of the Company to: sell larger and more complex software solutions, successfully transition to the development of further Internet-based products, successfully implement an application service provider business model, enhance its current products and develop new products that address technological and market developments; and other risk factors listed from time to time in the Company’s SEC reports, including, but not limited to the “Risk Factors” contained in the Company’s Report on Form 10-K for the fiscal year ended December 31, 2003. The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company’s expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.
