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• Jan 14, 1998

PPDM Releases Petroleum Data Model Version 3.4

Release reaffirms PPDM's position as the leading upstream petroleum data model standard.

Calgary, Canada - January 14, 1998 - The Public Petroleum Data Model Association, announces the release of Version 3.4 of the Public Petroleum Data Model (PPDM). This announcement follows an affirmative vote by the Association's international membership.

In announcing this latest milestone for PPDM, the Association's Chairman, David Fisher, said, "Version 3.4 is a major step forward in terms of content, documentation, and industry acceptance. Designed and evaluated by people who use it in their business, the PPDM Model delivers real value for member companies."

The Association's Co-Executive Director, Melvin Huszti added, "Version 3.4 expansion of the well, production, seismic and land data, has positioned the Model to support integration of both technical and regulatory reporting information. Our new comprehensive documentation, combined with increased testing throughout the model development process, has made it even easier to understand and take up the Model."

Commenting on the progress of PPDM, Dr. Charles Ivey, CEO of Petroleum Information/Dwights, said: "The PPDM data modeling effort is of enormous value to our industry. PPDM has indeed become the working standard for oil and gas companies. We will continue to support this standard and those customers who use it because it is the future of our business as well. PPDM works very well for PI/Dwights and our customers."

PPDM's Chairman invited further participation in the continued development of the Model: "To sustain and expand this business-driven value, more effort is required through the cooperative development process that has proven so successful." Volunteer work groups are now developing the Model in the areas of lithology and land contracts, as well as evolving architectural principles to exploit the latest enhancements in database technology.

The PPDM Association was incorporated as a not-for-profit society in 1991 to develop a common industry framework to better manage petroleum information utilizing database technology. The Association, with a membership of over 100 companies worldwide, is recognized within the industry for its effectiveness and neutrality in coordinating the participation of industry stakeholders in the development of a standard model. PPDM has become the working standard for oil and gas companies, government agencies, vendors of petroleum data, and suppliers of software to the upstream oil and gas industry.

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