Halliburton completes first API-PIDX electronic transactions

HOUSTON, Texas, Aug. 5, 2003 — Halliburton announced that Halliburton Energy Services has completed the first electronic transactions using American Petroleum Institute’s (API) e-commerce transaction standards, known as API-PIDX XML, with two major oil companies in the first quarter of this year.

These are the initial deployments of what will become standard e-business commercial workflow transactions directly integrating Halliburton’s back-office ERP systems with that of its customers.

“By using these new standards, Halliburton and these operators are leveraging new technology that will automate the ordering, invoicing and payment processes, resulting in improved accuracy, increased efficiencies and improved contract compliance,” said Peter Bernard, Halliburton’s leader for Business Development and Marketing. “This is a major technical accomplishment that enables us to better fit our customers’ purchase order and payments systems. It is rapidly establishing a new way of working more easily and seamlessly with our customers.”

The first exchanges included purchase orders, signed field tickets and invoices for projects in the Gulf of Mexico and Bakersfield, California, area, for which Halliburton is providing numerous services. Halliburton continues to work with several other customers in the U.S. and overseas to further deploy these advanced ordering and payment systems.

“Halliburton’s ability to implement a standards-based electronic business transaction management system with their customers represents a significant step forward in the evolution of e-business in the petroleum industry,” said John Pohlman, president of Pohlman International.

“That transactions can now be handled in near real time and without error is a vindication of the efforts involved in creating a standard like API-PIDX XML. This is a milestone in the development of industry best practices.” This direct system-to-system integration of commercial documents also enables customers to view and download proposals, field tickets, job status reports and invoices from the myHalliburton.com Commerce CentralSM community. The myHalliburton.com portal gives customers access to commercial information, rich technical information, simulators and calculators, project collaboration, and product catalogs in a secure, personalized web environment.

API’s Recommended Practice 3901 e-commerce transaction standards were developed by API’s e-Commerce Committee, the Petroleum Industry Data Exchange (PIDX). Using these standards takes the upstream petroleum industry a step closer toward seamless interoperability using extensible markup language (XML). They allow transactional information between service companies and operators to flow securely across the Internet, enabling machine-to-machine, real-time communication for scoping, execution and settlement of jobs with complex products and services.

Halliburton Energy Services is a member of the PIDX Complex Products and Services steering committee, which developed the standards.

Halliburton, founded in 1919, is one of the world’s largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company’s web site can be accessed at www.halliburton.com.

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