Sekhar Venkat Joins IDC’s Energy Insights Company

FRAMINGHAM, MA – OCTOBER 3, 2005 – Sekhar Venkat has joined Energy Insights, an IDC Company, as Research Manager, Energy Upstream Strategies. Mr. Venkat is a seasoned oil and gas industry veteran, where he has spent more than 10 years in various consulting, IT, and sales support roles in the domestic and international arena, and has extensive hands-on field experience.

In his new role, Mr. Venkat will provide research-based advisory and consulting services that will enable executives from upstream oil and gas organizations to maximize the business value of their technology investments and drive technology-enabled business innovation. Specifically, Mr. Venkat's research program will assess the impact of IT investments, integration initiatives, and process improvement efforts on exploration and production business performance and detail best practices for process and technology optimization in the energy upstream business.

"Sekhar's in-depth understanding of the energy upstream business is grounded in experience from more than 10 years of working with some of the most prestigious oil and gas companies in the world," said Rick Nicholson, vice president of Research, Energy Insights. "He brings an ideal blend of industry experience and information technology expertise – which makes him a vital part of our organization and an incredible resource for our clients."

Mr. Venkat's most recent experience was with P2 Energy Solutions, where he led multi-million dollar IT projects for such clients as Qatar Petroleum, BP, BHP Billiton, Unocal, and ConocoPhillips, among others.

Previously, Mr. Venkat worked for Novistar, Inc. and Oracle Energy in a variety of senior consulting, engineering and technology roles, working with such clients as Shell, Kuwait Oil, and the Abu Dhabi Oil Company. He also worked for Schlumberger Wireline &Testing, where he was the #1 ranked wireline engineer in North America.

Mr. Venkat has a BS degree from the Indian Institute of Technology and an MS from Georgia Tech.

About Energy Insights, an IDC Company

Energy Insights, an IDC Company, provides energy industry executives with research-based advisory and consulting services that enable energy companies to maximize the business value of their technology investments, minimize technology risk through accurate planning, benchmark themselves against industry peers, adopt industry best practices for business/technology alignment, make more informed technology decisions and drive technology-enabled business innovation.

Energy Insights provides full coverage of the energy industry value chain from upstream to retail activities. Staffed by senior analysts with significant technology experience in the energy industry, Energy Insights provides a portfolio of offerings that are relevant to both IT and business needs.

Founded in January 2005, Energy Insights is headquartered in Framingham, Mass. Visit www.energy-insights.com for more information.

IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company.

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