New Solution Combines Deep Industry Expertise and Proven Practices to
Unlock Value, Maximize Efficiency and Drive Growth
BOSTON & HOUSTON--(BUSINESS WIRE)--
Iron
Mountain® Incorporated (NYSE: IRM), the storage and information
management company, today introduced a new storage and information
management offering for drill core samples used by the oil and gas
industry. Called the Geological Core Storage Solution, this
comprehensive offering delivers specialized storage and access
capabilities designed to maintain the integrity of these samples while
ensuring they remain securely protected and private. Additionally, the
company is opening its first, dedicated U.S. drill core facility in the
Houston, Texas area; Iron Mountain has three other core storage
locations in Canada, Norway and the United Kingdom, respectively.
With the demand for fossil fuel energy on the rise, the necessity for
more accurate methods of locating these deposits has increased. As the
only direct source of subsurface information, geological core samples
and cuttings are critical to oil and gas exploration and production. The
historical information gained from core samples can confirm other
geological and topographical data, allowing for better decision-making
to identify drilling targets and, eventually, faster time to profit from
drilling.
“Iron Mountain is bringing this solution to market at a time when core
samples have never been more valuable for the oil and gas industry,”
said Chirag Rathi, principal consultant, Energy and Environment for
Frost & Sullivan. “Exploration and production businesses routinely
outsource non-core activities as a strategy to reduce costs, increase
efficiencies and access expert skill sets. Leveraging the expertise of a
third party, like Iron Mountain, for drill core storage solutions is
aligned to the outsourcing strategy of the operators. It ensures safety,
security and easy access for a company’s drill core samples while
providing predictable operating costs, eliminating the need for
additional capital investment and enabling skilled specialists such as
geo-technicians to focus on their primary job function of analysis
instead of storage management of drill core samples.
Iron Mountain’s Geological Core Storage solution offers several benefits
and services along with secure storage, including indexing for drill
core and cuttings and layout and repacking of core samples when viewing.
Leveraging best practices for storage and preservation and the company’s
unrivaled chain of custody, Iron Mountain can support processes for core
inspections and standard sample retrievals. Its purpose-built core
storage facilities offer secure temperature-controlled storage;
heavy-duty racking; special layout tables; and full spectrum lighting
and equipment for proper, quick viewing. This combination of technology,
proven practices and services helps oil and gas customers optimize and
streamline their work, allowing them to derive the value from their
existing assets and to focus on analysis and the growth of their
business.
“Maintaining and storing core samples provides an important data source
for critical analysis in petroleum exploration and production,” said
Vickie Malis, director of oil and gas product management, Iron Mountain.
“Keeping them properly preserved and protected is time consuming and
costly for oil and gas companies to do themselves. Our solution can go a
long way toward meeting their needs for quick and easy access to their
core samples while also freeing their skilled employees to focus on
analysis and recommendations. With our 30-year track record in the oil
and gas industry and nearly two million cubic feet of core assets being
stored worldwide, we’re able to unlock incredible value for our
customers and provide them with the peace of mind of knowing their
assets are preserved, private and protected.”
New Houston (TX)-area Facility
Iron Mountain will host an
open house at the new Houston-area facility, located in Tidwell, Texas
(just 10 miles from Houston’s “Energy Corridor”), on April 1. Included
in the open house will be a tour of the new facility, showcasing:
-
200,000 cubic feet of storage
-
1400+ square feet of viewing labs
-
145 feet of custom-made steel tables for core sample layout and
inspection
-
Available technology – handheld and table microscopes with iPads for
image display, an ultraviolet chromatoview unit, and 3MB wireless
access.
Those interested in attending the open house and exclusive tour can
register at www.ironmountain.com/core-storage.
And for more information about Iron Mountain’s Core Storage offering,
please visit www.ironmountain.com/Solutions/Energy-Records-Management/Geological-Core-Storage.aspx.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM)
is a leading provider of storage and information management services.
The company’s real estate network of over 67 million square feet across
more than 1,000 facilities in 36 countries allows it to serve customers
with speed and accuracy. And its solutions for records
management, data
management, document
management, and secure
shredding help organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information for
business advantage. Founded in 1951, Iron Mountain stores and protects
billions of information assets, including business documents, backup
tapes, electronic files and medical data. Visit www.ironmountain.com
for more information.
Source: Iron Mountain