Oil, Gas Expect to Meet Y2K Deadline
The majority of the oil and gas industry - 94% - report their
computer systems will be ready by Sept. 30 to deal with any
glitches that may be brought on by the change to 2000, according to
the latest survey conducted by the Natural Gas Council and the
American Petroleum Institute (API). The entire industry expects to
be Y2K ready by the end of December.
The survey, which polled 1,250 companies that supply 93% of
domestic oil and natural gas demand, said all anticipate they will
have "checked, tested and upgraded" the computers associated with
their business systems and embedded systems by the end of the year.
Additionally, all indicated they will have sought assurance that
their suppliers are Y2K compliant, and will have developed and
tested contingency plans if supplier readiness cannot be confirmed
before the year's end.
The latest industry survey, which was submitted recently to
FERC, was conducted in May and is a follow-up to earlier ones done
in January and last summer. It found that 91% of oil and gas
companies currently are in the final remediation and testing phases
of their business computer systems, up from 86% in the January
survey. It further showed oil and gas companies currently are in
the testing phase with the computers associated with their
operations and embedded systems, and they are verifying their
readiness with audits by either outside or internal computer
"The industry's survey results clearly show progress in
preparing for the Y2K change. This makes us more confident than
ever of our ability to deliver gas and oil reliably on and after
Jan. 1, 2000," said Ron Quiggins, director of the Year 2000 Program
for Shell Services International and chairman of the API Year 2000
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