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OILspace Launches Chinese & Russian Language Versions Of Corporate Website, www.oilspace.com, To Meet Growing Demand For Supply Chain Solutions

May 25, 2005

London, May 25, 2005 - OILspace, leading provider of real-time on-demand application and integration solutions for energy companies, is pleased to announce the launch of its Chinese and Russian language website at www.oilspace.com, http://www.oilspace.com/rus/index.shtml, and http://www.oilspace.com/chi/index.shtml.

Buying, selling and moving millions of barrels of product through complex supply chains requires a partner who understands geographic challenges that are unique to every market. By deploying a fully multi-lingual site with localized content, it further establishes the commitment and expertise OILspace provides to global clients with specific regional needs.

With offices in London, Singapore, Moscow, Shanghai and Houston, clients receive specialized treatment from trained technology professionals with years of energy experience. This high level of expertise sets OILspace apart from competitors in the marketplace.

"OILspace is a true supply chain partner. Our Customer Care and Technology Specialists speak the same languages as our customers, and understand cultural advantages." says OILspace President & CEO, Steve Hughes.

"Asian and CIS markets have urgent needs to meet new infrastructure challenges brought on by increased production volumes in Russia, and China's insatiable demand for fuel, which can only grow as energy markets open to foreigners," says Mr. Hughes.

"We're helping leading oil and gas companies in these markets, and worldwide, solve dozens of problems to dramatically reduce operational costs, improve corporate performance and increase visibility for management across supply assets. And we want to show the rest of the market we're ready with on-demand solutions to solve their marketing, trading, shipping and production challenges, too." (View case studies on OILspace clients at www.oilspace.com/eng/customers/case_studies.php)

The deployment of localized websites also supports OILspace Industry Training Programs with leading institutions. International Petroleum Exchange (IPE), Confidence, and Cass Business School rely on OILspace applications, OILwatch and ASPect Office, to provide energy training with tools used by successful energy professionals in utilizing market information, and risk management systems. (View our schedule of upcoming seminars at www.oilspace.com/eng/aboutus/corporate.php. Check back for updates.)

ABOUT OILSPACE:
OILspace is a leading global provider of real-time on-demand, web-based applications and integration for oil, gas and petrochemical marketing and supply operations. Launched in 1999, OILspace solutions now run through over 400 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI). The OILspace Enterprise integrates OILspace applications with client applications and third party systems through its flexible, adaptive platform, the OILspace Energy Service Bus (ESB). This ensures companies can protect existing IT investments, while adding needed solutions-oriented applications. OILspace applications include OILwatch, the real-time and historical market data portal with analytical tools, and news and prices from global industry exchanges and media sources. ASPect Office, a suite of integrated front and mid-office applications, solves supply chain challenges, and links operations, processes and data across multiple offices and assets. It provides management with visibility and the tools to measure, manage, monitor and improve business through performance metrics. TeamWorks makes oil cargo transactions and distribution easier, more efficient and more profitable for the shipping community. Integrated oil companies, traders, charterers, fleet owners and brokers collaborate to maximize results.

OILspace US/ Canada
Brigette Gebhard
bgebhard@oilspace.com
+1 732 797 0046

EMEA PR Agency
Kevin Fiske
kevin@sagepartnership.com
+44 1189 344007

OILspace Asia-PAC
Kishor Sujanani
ksujanani@oilspace.com
+86 21 6122 1075

 

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