ISS signs $300k BabelFish order

Nedlands-based information and technology company ISS Group Ltd has received an order worth $300,000 from oil producer Saudi Aramco, with its BabelFish software to be rolled out across 380 of the company's wells.

The full text of a company announcement is pasted below

ISS Group Limited is pleased to announce that through its Middle East partner Naizak, it has received an order for the BabelFish product from Saudi Aramco, one of the world's largest oil producers. The order follows the successful completion of the pilot of BabelFish on the iField project.

With the initial roll-out across approximately 380 wells, Saudi Aramco will utilise this software to monitor well performance in real-time. The system enables the engineers to monitor large numbers of wells in a single view. Non performing assets are automatically brought to the attention of engineers rather than them having to wade through masses of data. ISS is continuing to work with Aramco to further enhance this system.

"Even though the incremental order value is small, in the order of A$300,000, this is another significant international achievement for the ISS Group" says ISS Group's Asian/Middle East Managing Director Mr Richard Pang. "BabelFish will provide Saudi Aramco with a capability to integrate and monitor the performance of their wells in realtime over the web. ISS has been working with Saudi Aramco over the last two years to assist with the evaluation and suitability of the product. We are very pleased with the outcome." he added.

With a current operating asset base totalling in the thousands of wells, Saudi Aramco is one of the largest oil producers in the world.