DO2 Technologies - Unocal Selects DO2's Integrated Invoicing and Contract Management Solution

Unocal Selects DO2's Integrated Invoicing and Contract Management Solution

OpenInvoice™ and OpenContract™ to be used to reduce time and costs associated with upstream oil and gas invoicing and field ticket processing.

HOUSTON, Texas (April 22, 2002)

DO2 Technologies Inc. today announced that Unocal (NYSE: UCL) has selected its OpenInvoice and OpenContract Internet-based solutions to automate their invoice and field ticket reconciliation, approval, and data capture processes. One of the world's leading independent natural gas and crude oil exploration and production companies, Unocal is implementing this unique integrated invoicing and contract management system initially in its North America operations, with the potential to later roll the technology out to its overseas locations.

"Unocal has an aggressive program under way to deploy e-business technologies that enhance our business performance," explains Tim Pownell, General Manager of the Unocal e-Procurement Project. "We are implementing DO2's OpenInvoice and OpenContract solutions as part of this overall e-business strategy."

Rod Munro, president and CEO of DO2 Technologies Inc., comments, "We're delighted to assist Unocal in meeting its e-procurement objectives. With the DO2 Technologies solution, Unocal will have a greater understanding of their upstream spend while streamlining the process of submitting, validating, routing, coding, approving and tracking invoices."

Using OpenInvoice and OpenContract, E&P companies and their vendors can collaboratively create and process field tickets and invoices to eliminate 80 percent of the internal processing time and cost associated with invoice approval. These powerful workflow-improvement tools, specifically designed for upstream operations, free up professional staff time and give E&P managers instant access to detailed spending and operating information.

About DO2 Technologies Inc.

DO2 Technologies Inc. delivers Internet-based solutions that automate and integrate financial and operational processes between E&P companies and their suppliers. The company provides software, application hosting, consulting, integration and implementation services, and training. The company is committed to simplifying field procurement and enabling collaboration between drilling, production, accounting, procurement and purchasing departments and their service companies and suppliers.

Press Contact

Cindy Kelemen
Marketing Director
DO2 Technologies Inc.
(713) 260-9693
ckelemen@do2.com
http://www.do2.com

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