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Oracle drills for oil customers

The software company is building a set of business applications for the oil exploration and production industry called Project Synergy.

Oracle is drilling for oil customers.

The software company today said it is building a set of business applications for the oil exploration and production industry called Project Synergy.

Oracle said it is using its 8i database, Java applications, and data analysis tools to assemble a new set of applications that let merged oil companies share data on oil exploration.

Products built through the Project Synergy effort will be developed by Oracle in collaboration with Chevron, Statoil, PrismTech, and the Petrotechnical Open Software Corporation.

The Project Synergy applications will also mesh with existing oil industry standards for data sharing, according to Oracle.

Oracle said Project Synergy products will be in beta testing within 6 to 12 months, and will be marketed through the company's Oracle Energy unit.

Other business software makers, including SAP, have targeted the oil industry with specially tailored applications. SAP last summer introduced a special version of its R/3 package targeted at the oil industry.