HOUSTON, TX--(Marketwire - Sep 5, 2012) - Energistics, the upstream oil and gas standards consortium, announced today that Mr. Aashish Bansal, Vice President, Energy and Utilities, Infosys has been elected to its Board of Directors replacing Mr. Prasad Thrikutam also from Infosys. With more than 23 years in the energy industry, Mr. Bansal brings a rich diversity of experience to the Energistics Board with varied experiences across oilfield operations, investment banking, finance and strategy, as well as in software technology and systems integration.

On his election as a Board Member of Energistics, Mr. Bansal said, "It is an honor to be appointed to the Energistics board, an organization that is doing significant work to improve data standards for Exploration & Production. In these times of increasing information exchange, it is important that the industry members work cohesively to improve the standards of open data exchange. I look forward to contributing to Energistics efforts to enhance operational efficiencies across the E&P industry."

Jerry Hubbard, President and CEO of Energistics, said, "We are very pleased that Aashish is joining the Board and, given his outstanding background in the industry, we look forward to his immediate contributions in helping Energistics enable higher adoption rates for open data exchange standards."

Mr. Bansal joined Infosys in 2000 to incubate the company's energy practice in the United States. Today, he heads up Infosys' global energy practice, and also serves on the company's risk management and policy councils. Prior to joining Infosys, Mr. Bansal led the energy practice for the Indian division of a global investment bank. He spent a few years in the middle-east as a field engineer with a leading oilfield services major. Mr. Bansal has a Bachelor's Degree in Mechanical Engineering from the Indian Institute of Technology, New Delhi and an MBA in Finance from the Indian Institute of Management, Ahmedabad.

"I know I speak for the rest of the Directors when I say I'm thrilled to have Aashish join our Board," said Duncan Junor, Vice President for Halliburton and Energistics Board Chair. "Aashish will add a very relevant level of expertise to the Board and I look forward to his valuable contributions."

In addition to Mr. Bansal of Infosys, the members of Energistics' board are Duncan Junor, Vice President for Halliburton who serves as Chair, Steve Roberts, Vice President Field of the Future™ Technology Flagship for BP, who serves as Vice Chair, Cindy Reece, Upstream Technical Computing Manager for ExxonMobil, René Honig, VP Portfolio & Centers of Expertise - Technical & Competitive IT for Shell, Mark Greene, Executive Partner for Accenture,, Meyer Bengio, VP, Petroleum Engineering for Schlumberger Information Systems, Jim Green, CIO Downstream and Chemicals for Chevron, Philippe Malzac, CIO E&P for TOTAL, Peter Eilsø Nielsen, Chief Geologist - Production for Statoil, Ben Williams, VP & CIO for Devon Energy and Jerry Hubbard, President & CEO for Energistics who all serve as directors.

Energistics is a global, not-for-profit, membership organization that serves as the facilitator, custodian and advocate for the development and adoption of technical open data exchange standards in the upstream oil and gas industry. Uniquely designed to unite upstream industry professionals in a neutral and collaborative facilitation environment, Energistics membership consists of integrated, independent and national oil companies, oilfield service companies, software vendors, system integrators, regulatory agencies and the global standards user community.

For more information visit our website at www.energistics.org.

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Beverly Jernigan