LIVINGSTON, NJ – April
30, 2005
IDEAS International,
Inc, a leading
supplier of
financial and
logistics systems to
international oil &
gas and automotive
manufacturing
operations,
announced today
that Bermuda
based Gulf
Keystone Petroleum,
LTD
(AIM-GKP), has
licensed IDEAS
international oil
and gas venture
management solution
for it’s International
operations.
Gulf Keystone
Petroleum, Ltd, an
independent oil &
gas exploration
company focused on
the exploration,
development and
production of
hydrocarbons in
North Africa and the
Middle
East, recently announced
that it has signed
an exploration
permit covering the
Benguecha Permit in
north eastern
Algeria's
Constantine Basin.
This has increased
the Company's
interests in the
Republic of Algeria
to 9 blocks covering
nearly 33,216 square
kilometers. The
contract for these
blocks, which
establishes a joint
venture between
SONATRACH and Gulf
Keystone, was a
direct negotiation
outside of the
recent international
bid round. In that
bid round, Gulf
Keystone was awarded
two contracts with
reserve estimates of
1.5 billion barrels
of oil equivalent in
place.
“We are delighted
with the opportunity
to work with Gulf
Keystone Petroleum"
for their
international
operations,
said Lucie Atamian,
Director of Global
Sales at IDEAS
International.
“Gulf Keystone is
tightly focused on
North Africa and the
Middle East, a
region where IDEAS
has unique strengths
and a proven
capability to
address local
needs.”
About IDEAS
IDEAS International,
Inc., a US
corporation, is a
multinational
software development
company serving a
worldwide client
base from offices in
the U.S. and
overseas. Founded
in 1982, IDEAS
International has
two decades of
experience providing
software solutions
and associated
professional
services to
world-class leaders
in industry and
government.
Contacts
IDEAS International,
Inc
Lucie Atamian ,
Director, Global
Sales
973.993.8000 ext 239
LucieA@ideasintl.com
Gulf Keystone
Petroleum, Ltd
2nd
floor, 16 Berkeley
Street,
Mayfair, London, UK
W1J 8DZ
Tel:+44 (0)20 7514
1400
Fax:+44 (0)20 7514
1427
