Tullow Selects Palantir to Optimise its Asset Portfolio
LONDON, April 11, 2013
LONDON, April 11, 2013 /PRNewswire/ --
Palantir Solutions , the leading provider of integrated dynamic planning
solutions for the upstream oil and gas industry has been selected by Tullow
Oil plc (Tullow) to deliver portfolio management. The addition of Tullow to
Palantir's growing list of clients is a further indication of the increasing
demand for Palantir's economic and portfolio planning services and solutions.
Senior Vice President, Kirk Hanes said "Our work with Tullow is an excellent
example of how our solutions are transforming upstream oil and gas companies'
approach to portfolio planning"
The system at Tullow incorporates two of Palantir's core software products:
PalantirCASH for petroleum economics and PalantirPLAN for portfolio
optimisation and visualisation. With the implementation of these solutions,
Tullow has a dynamic, consistent and accurate view of its complex and
expanding portfolio upon which it is able to act. It is also able to
effectively compare various investment strategies, and quickly and accurately
evaluate potential acquisition targets allowing it to secure competitive
Tullow's Pete Dickerson, Head of Commercial Planning and Economics commented
"Palantir enables us to gain a wider understanding of our portfolio and
improves the way we conduct our business planning and strategy process. With
the aid of Palantir's software we are able to quickly analyse and conduct
sensitivity analysis on the different aspects of our business from high level
corporate decisions to making individual assets evaluations."
About Tullow :
Tullow Oil plc is one of the largest independent oil and gas exploration and
production companies in Europe with a focused portfolio of world-class assets.
Tullow is also Africa's leading independent oil company with basin opening
discoveries in Ghana, Uganda and most recently Kenya. Success in West Africa
led Tullow across the Atlantic in 2011 to a related geological play in South
America and the discovery of the Zaedyus field in French Guiana which has
unlocked significant exploration potential across the region.
About Palantir Solutions:
Palantir Solutions is a leading, global provider of integrated, dynamic
planning software and services to the upstream oil and gas industry.
Palantir's range of solutions and consulting services transform business
planning by connecting technologies, functions and processes across the
enterprise to enable faster decision-making based on trusted data.
Notes to Editors: To arrange an interview or for further information please
contact:Becky Hayward T: +44(0)207-901-3700 E: email@example.com
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