Palantir Launches Innovative Data Management Platform for E&P Industry

LONDON, June 7, 2013 /PRNewswire/ --

Palantir Solutions today releases its new data management platform: PalantirDATAFLOW. The tool has been designed to transform the way that cross-functional teams within E&P businesses manage the life of field data required for core business processes.

Until now there has been no simple, efficient system that enables cross-departmental collaboration and effective data management for E&P organisations.  Palantir's latest release addresses this by providing a flexible tool for generating and managing core oil and gas asset data.

Senior Vice President, Kirk Hanes, comments: "Some of our clients, including major global upstream players, are already utilising the benefits of PalantirDATAFLOW. We have had significant positive feedback on the solution's ability to effectively streamline core business processes.  Our customers now have an accurate, on-demand and up-to-date view of their entire portfolio with the ability to track all changes to the data, which provides an audit trail."

Asset managers, engineers, economists and commercial managers are all involved in complex workflows, and key data is typically stored in multiple, disconnected systems and spreadsheets. Version control and revision management has often proven ineffective, resulting in data that is not always correct and fit for purpose. Palantir's Business Analyst, Drew Macleod, adds: "With Palantir's latest solution, the process of collating, analysing and manipulating core data is simplified, bringing together various workflows, teams and disconnected systems within one tool. Decision makers have the right information in front of them, when they need it, meaning they can operate more efficiently."

Palantir Solutions is the leading, global provider of integrated, dynamic planning software and services to the upstream oil and gas industry. The addition of PalantirDATAFLOW to its range of solutions provides users an increased capacity to manage, update and review the life of field data required for core oil and gas businesses processes.

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: pr@palantirsolutions.com