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Oil, Gas Expect to Meet Y2K Deadline

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 experts.

"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 Task Force.

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