Quadrem and OFS Portal Sign Interoperability Agreement

Quadrem and OFS Portal Sign Interoperability Agreement

Deal Connects Upstream Suppliers to Growing Community of Global Producers; Expands Quadrem's and OFS Portal's Presence in Oil and Gas

HOUSTON, Dec. 14 /PRNewswire-FirstCall/ -- Quadrem, the Global eMarketplace(TM), and OFS Portal LLC, a community of major upstream oil and gas suppliers that participate in the advancement of e-commerce, have signed an interoperability agreement enabling members of both communities to quickly connect with each other and engage in business-to-business transactions. This agreement expands the value proposition to all participants because they can now leverage their investment in one connection to transact with additional trading partners in the oil and gas industry.

"This kind of connection with Quadrem, a global e-Marketplace, demonstrates that leaders in eCommerce can work together in a trusted environment for the benefit of both the buyer and supplier in the upstream oil and gas business," said William Le Sage, CEO of OFS Portal. "Together we will connect our members in a manner that supports the business requirements of both communities, and deliver the benefits digital commerce can bring to all trading partners in upstream oil and gas. Additionally, the service levels for transaction routing offered through the global footprints of both Quadrem and OFS Portal raise the bar for performance and reliability, to the benefit of all of our respective members. It is through a trusted, reliable and safe environment such as this that our trading partners can return their focus to their core business relationship and make eCommerce productive."

OFS Portal is a global provider of transaction messaging services, as well as content management and delivery services. OFS Portal also seeks to facilitate eCommerce through the development of open and non-proprietary electronic data industry standards.

Quadrem is a major transaction hub for companies in the natural resources, oil and gas, and consumer packaged goods industries that use the e-marketplace to purchase USD$3.5 billion worth of goods and services annually. Quadrem has expanded its offering to the oil and gas industry and is attracting upstream operators that are deploying electronic supply chain initiatives globally.

Quadrem CEO Mike Efting said, "This agreement represents a major milestone for Quadrem's initiatives in the oil and gas sector. OFS Portal and its member-customers are important drivers in the development of e-commerce standards and industry-based standards bodies such as the American Petroleum Institute's PIDX committee. Our interoperability with OFS Portal's global Transaction Messaging Services strengthens our offering and underscores our commitment to deliver value to all trading partners in the oil and gas supply chain."

About OFS Portal

OFS Portal LLC, (http://www.ofs-portal.com/ ) headquartered in Houston, is composed of an industry-leading group of global upstream oil and gas suppliers and service organizations and is at the forefront of global eCommerce processes in the oilfield. OFS Portal facilitates access to digital business information of its members. OFS Portal and its members help define and support the use of API's Petroleum Industry Data Exchange (PIDX) standards for electronic formatting of products and services descriptions and transactions standards, and works with global standards organizations to converge or develop open and non-proprietary standards for use in the e-upstream oil and gas industry.

OFS Portal delivers cost-effective ways to make eCommerce a reality for both buyers and sellers. Electronic data can be provided in standard format at no cost to its members' customers. OFS Portal is operated with a non- profit objective with the goal of reducing costs and increasing efficiency of e-commerce in the upstream oil and gas industry. OFS Portal's members include: Baker Hughes, BJ Services, Cooper Cameron, ENSCO, FMC Technologies, Greene, Tweed & Co., Halliburton, M-I SWACO, Schlumberger Oilfield Services, Smith International, Vetco Gray, and Weatherford International. Membership is open to any oilfield supplier with activities in the upstream oil and gas industry.

About Quadrem

Quadrem (http://www.quadrem.com/ ) provides e-business solutions that connect buyers and suppliers to maximise supply chain efficiencies. Quadrem's global transaction platform, vibrant international trading community and high- quality content services enable customers to implement the most effective e-business initiatives for buyers and suppliers. Established in 2000, Quadrem has locations in Australia, Brazil, Canada, Chile, France, Mexico, The Netherlands, Peru, Singapore, South Africa, and the United States.


Source: Quadrem; OFS Portal LLC

CONTACT: William Le Sage of OFS Portal LLC, +1-832-681-7300, or
info@ofs-portal.com ; or Katherine Kirkpatrick of Quadrem, +1-972-543-8044, or
kkirkpatrick@quadrem.com

Web site: http://www.quadrem.com/
http://www.ofs-portal.com/


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