Helix Energy Solutions Group Inc. Licenses P2 Energy Solutions' Enterprise Upstream and Enterprise Land Software Solutions

    HOUSTON, July 30 /PRNewswire/ -- P2 Energy Solutions, a leading
 provider of business software to the oil and gas industry, announces that
 Houston based Helix Energy Solutions Group Inc. has licensed its Enterprise
 Upstream and Enterprise Land software solutions.
     P2 Energy Solutions is a single source for software, implementation,
 support and education. Product development is globally focused to meet the
 needs of customers worldwide and leverages the latest in Oracle technology.
 The Enterprise Land solution, using the Microsoft .NET platform, is the
 first service oriented architecture enabled land management solution. It is
 an industry standard lease, property and agreement management system with
 full integration into GIS, content management and accounting for oil and
 gas. The Enterprise Upstream suite of applications takes advantage of the
 Oracle 10G database and exploits the benefits of Internet computing.
     Common to many global publicly traded companies, whose growth was
 fueled in part by acquisitions, Helix was seeking a solution to standardize
 processes and replace disparate systems. After a competitive bid process,
 Helix selected P2 Energy Solutions' Enterprise Upstream suite of
 applications to replace their legacy systems. "We were impressed by both
 the robust functionality of the Enterprise Upstream software and the domain
 knowledge of their staff," said Troy Matherne, vice president and chief
 information officer, Helix Energy Solutions Group Inc. "By centralizing and
 standardizing on a single ERP platform, Helix ensures efficient and timely
 processes to meet regulatory compliance, to streamline workflow and to
 improve access to decision quality data that crosses geographic and
 business unit boundaries. Simultaneously, the modular nature of the
 Enterprise Upstream software permits a degree of flexibility within the
 implementation process. This provides room to accommodate the varying
 cultures between business units which allows Helix to preserve its
 competitive advantage in each of its businesses."
     Tarig Anani, president, P2 Energy Solutions, commented, "everyone
 understands the benefits that a migration to a centralized platform can
 bring in terms of corporate controls, transparency, workflow optimization
 and maximizing the use of data. What sets P2 Energy Solutions apart is its
 sole focus on understanding and meeting the specific commercial and
 operational needs of the energy industry. We recognize that one size does
 not fit all. We have the product range, knowledgeable staff and resources
 to interpret, guide and partner with companies as they embark upon
 large-scale business transformation projects. P2 Energy Solutions'
 Enterprise Upstream team looks forward to working with Helix Energy
 Solutions and assisting them with their continued success."
     About Helix Energy Solutions Group Inc.
     Helix Energy Solutions, headquartered in Houston, Texas, is an
 international offshore energy company that provides development solutions
 and other key life of field services to the open energy market as well as
 to our own reservoirs. Our oil and gas business is a prospect generation,
 exploration, development and production company. Employing our own key
 services and methodologies, we seek to lower finding and development costs,
 relative to industry norms.
     About P2 Energy Solutions Inc.
     P2 Energy Solutions focuses on the development and support of data,
 software and enterprise services to meet the information and business
 process needs of the energy industry. P2 Energy Solutions is the oil and
 gas industry's most comprehensive source of asset management solutions
 including Entelligent, Enterprise Upstream, Excalibur, Qbyte, Enterprise
 Land, Tobin GIS Studio and Tobin SuperBase(R). With solutions deployed at
 more than 500 companies worldwide, P2 Energy Solutions enables clients to
 achieve greater productivity while maintaining effective controls. The
 company has a 75-year history of serving the oil and gas industry and
 understands its workflow processes. P2 Energy Solutions has the breadth and
 depth of expertise to meet the expanding financial, operational and data
 management needs of energy companies from private independents to
 supermajors. More information can be found at http://www.p2es.com.
     Contact: Eric Flynn
     Marketing Director
     (713) 481-2000
     eflynn@p2es.com
 
 

SOURCE P2 Energy Solutions Inc.