PEMEX Signs With DigitalGlobe for Global Basemap
July 12 2011 - 8:00AM
Marketwired
DigitalGlobe (NYSE: DGI), a leading global provider of
high-resolution earth imagery solutions, announced that it has
signed a new agreement with Mexico's largest enterprise, PEMEX. The
agreement gives PEMEX, a customer of DigitalGlobe's for the last
four years and one of the world's top oil producers, real-time,
cloud-based access to DigitalGlobe's new Global Basemap, launched
today. Global Basemap is being demonstrated in DigitalGlobe's booth
#1901 at this week's Esri International User Conference in San
Diego.
PEMEX is Mexico's sole producer of crude oil, natural gas and
refined products and represents one of the country's most important
sources of government income. It is also one of the few oil
companies in the world to manage all facets of production, from
exploration and extraction to refining, storage, distribution and
sales. Margarita Jordá Lozano, Geospatial Information System
Manager at PEMEX, said such complex operations require advanced
data to support critical business decisions.
"PEMEX operates nearly 60,000 kilometers of pipeline, seven
refineries, 77 storage facilities and 15 gas processing plants
throughout Mexico. Satellite imagery has become a vital source of
information to help us quickly and accurately assess what is truly
happening across all of these locations. Now, on demand access to
constantly refreshed imagery will give us a ground truth basis on
which to make our most integral business decisions."
Global Basemap easily integrates with PEMEX's mapping systems so
that managers can:
- Plan exploration strategies and lay seismic lines;
- Manage logistics to track and develop roads around facilities,
and plan the movement of exploration and drilling equipment;
- Oversee production, including development and security at gas
and liquefied gas terminals and refineries;
- Manage pipeline development, including the creation of
topographic maps;
- Ensure the safe production, transportation and distribution of
hydrocarbons;
- Conduct emergency care and response planning for employees and
local communities.
DigitalGlobe's Senior Vice President of Commercial Sales Rafay
Khan said that PEMEX's interest in an online solution represents a
growing trend within DigitalGlobe's customer base. "Our customers
increasingly rely on satellite imagery to drive business decisions,
but don't want the expense of a large data center to limit access
to critical information. With the reliability and cost
effectiveness of our solution, they can get the accurate,
up-to-date imagery they need without the operational
headaches."
Based on the company's comprehensive and constantly refreshed
ImageLibrary, and powered by its Cloud Services platform, Global
Basemap gives customers fast and easy online access to existing and
newly collected imagery so that they have the visual information
needed to make critical decisions. Global Basemap includes imagery
sourced from DigitalGlobe's own high-resolution satellite
constellation and aerial network as well as additional third party
low-resolution sources.
Financial terms of the agreement were not disclosed.
PEMEX PEMEX is Mexico's national oil and
gas company. Created in 1938, it is the exclusive producer of
Mexico's oil and gas resources. The operating subsidiary entities
are PEMEX-Exploration and Production, PEMEX-Refining, PEMEX-Gas and
Basic Petrochemicals and PEMEX-Petrochemicals. The principal
subsidiary company is PMI Comercio Internacional, S.A. de C.V.,
PEMEX's international trading arm.
About DigitalGlobe DigitalGlobe is a
leading global provider of commercial high-resolution earth imagery
products and services. Sourced from our own advanced satellite
constellation, our imagery solutions support a wide variety of uses
within defense and intelligence, civil agencies, mapping and
analysis, environmental monitoring, oil and gas exploration,
infrastructure management, Internet portals and navigation
technology. With our collection sources and comprehensive
ImageLibrary (containing more than one billion square kilometers of
earth imagery and imagery products) we offer a range of on- and
off-line products and services designed to enable customers to
easily access and integrate our imagery into their business
operations and applications. For more information, visit
http://www.digitalglobe.com.
DigitalGlobe is a registered trademark of DigitalGlobe.
Safe Harbor Statement Our reports,
filings, presentations and public announcements may contain or
incorporate forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements relate to future events or our future
financial performance. We generally identify forward-looking
statements by terminology such as "may," "will," "should,"
"expects," "plans," "anticipates," "could," "intends," "target,"
"projects," "contemplates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these terms or other
similar words, although not all forward-looking statements contain
these words.
Any forward-looking statements are based upon our historical
performance and on our current plans, estimates and expectations.
The inclusion of this forward-looking information should not be
regarded as a representation by us that the future plans, estimates
or expectations will be achieved. Such forward-looking statements
are subject to various risks and uncertainties and assumptions. A
number of important factors could cause our actual results or
performance to differ materially from those indicated by such
forward looking statements, including: the loss, reduction or
change in terms of any of our primary contracts; the loss or
impairment of our satellites; delays in the construction and launch
of WorldView-3; delays in implementation of planned ground system
and infrastructure enhancements; loss or damage to the content
contained in our ImageLibrary; interruption or failure of our
ground system and other infrastructure, decrease in demand for our
imagery products and services; increased competition that may
reduce our market share or cause us to lower our prices; our
failure to obtain or maintain required regulatory approvals and
licenses; changes in U.S. foreign law or regulation that may limit
our ability to distribute our imagery products and services; the
costs associated with being a public company; and other important
factors, all as described more fully in our filings with the
Securities and Exchange Commission, including our Annual Report on
Form 10-K.
We undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which the statement is made or to reflect the occurrence of
unanticipated events. Readers are cautioned not to place undue
reliance on any of these forward looking statements.
Digitalglobe, (delisted) (NYSE:DGI)
Historical Stock Chart
From May 2024 to Jun 2024
Digitalglobe, (delisted) (NYSE:DGI)
Historical Stock Chart
From Jun 2023 to Jun 2024