AVEVA and Gulf Interstate Engineering Sign Framework Services Agreement
AVEVA's Service-On Demand Speeds GIE's Delivery of Hydrocarbon Transportation Systems
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Houston, TX - October 4, 2004 - AVEVA Group plc (LSE:AVV), the leading provider of plant engineering lifecycle solutions, today announced that Gulf Interstate Engineering Company (Gulf) has signed a comprehensive framework agreement with AVEVA. This agreement provides a wide range of technical and engineering IT software and services that will augment Gulf's ability to provide project management, engineering, material and construction management for hydrocarbon transportation systems, from the wellhead to the export terminal.
AVEVA will provide Gulf with engineering IT consulting, application and discipline-related support, software development and training on an as-needed basis for its VANTAGE suite of plant design and project management solutions. The agreement expands Gulf's current usage of VANTAGE Plant Design Management System (PDMS), VANTAGE Plant Engineering P&ID (Piping and Instrumentation Diagrams) and VANTAGE Project Resource Management (VPRM) solutions. Gulf's service agreement with AVEVA is an indefinite delivery/quantity convention exercised through individual work orders.
"Gulf has recently experienced a general business upswing in new hydrocarbon projects," commented Robert J. Sprick, Vice-President of Business Development for Gulf. "These projects have a high materials content, so it is critical that Gulf is able to buy the right materials at the right time, track the status and submit change orders in a controlled manner. AVEVA's solutions give us this capability and the agreement ensures that Gulf can tap into AVEVA's expertise when it needs to, to successfully execute these projects."
"AVEVA is proud to be a partner in our customers' success," said Nick Dunlop, Executive Vice President of AVEVA Inc. "By providing top-quality service and solutions, we help our clients significantly reduce the total installed cost of projects where a single percentage represents a massive saving."
About Gulf Interstate Engineering Company
Founded in 1953, Gulf (www.gie.com) has grown to become one of the world's leading international oil and gas engineering companies. Gulf is an ISO certified company, specializing in the design of production facilities, pipelines, pump and compressor stations, storage facilities and terminals.
About AVEVA Group plc
AVEVA Group plc is one of the world's foremost and fastest-growing lifecycle engineering IT solutions and services providers to the oil and gas, paper and pulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on the London Stock Exchange (LSE:AVV), the Group reported pre-tax profits for the year ended March 2004 of GBP 6.1 million on a turnover of GBP 38 million, a growth in turnover of 113% in five years.
The Group has a history of groundbreaking innovation that spans five decades. Serving over 1100 clients, AVEVA has a dominant position in many market sectors both on and offshore. In May 2004, the Group acquired Tribon Solutions AB, the market-leading shipbuilding solution company and now serves 75% of the world's top 20 shipbuilders.
The Group's clients include leading plant Owner Operators and engineering contractors such as 3M, ALSTOM Power, AMEC, BASF, Daewoo Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME), Dalian New Shipbuilding, Du Pont, Electricité de France, Halliburton, Hanjin Heavy Industries, Hitachi, Hudong Zhonghua Shipyard, Hyundai Mipo Dockyard, Hyundai Samho Heavy Industries, Kawasaki Heavy Industries, Kawasaki Shipbuilding Corporation, Krupp Uhde, Kvaerner, Merck, Mitsubishi Heavy Industries, Mitsui Engineering & Shipbuilding, Petronas Carigali, Samsung Engineering, Shanghai Waigaoqiao Shipbuilding, Shell and STX Shipbuilding.
Headquartered in Cambridge, England, AVEVA Group plc and its operating subsidiaries currently employ more than 450 staff worldwide.
