BURLINGTON, Mass., Feb. 10, 2005 -- Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence and corporate performance management (CPM), today announced that Petrofac, the global provider of total facilities solutions for the oil and gas industry, has purchased Cognos Controller software. It will manage corporate performance reporting and consolidate group financial information.

Cognos Controller will help Petrofac improve its financial reporting, planning and forecasting activities by providing a comprehensive view of the company's operations. Petrofac, which builds, operates, finances and co- invests in oil and gas process plants has three main operating centres based in England (Woking), Scotland (Aberdeen) and the United Arab Emirates (Sharjah), which are complemented by a global network of support offices.

As a result of substantial international growth in all sectors of its business, Petrofac realised that it had outgrown its existing reporting systems. It needed a more sophisticated performance reporting tool to produce a transparent, accurate and timely management view of business critical data and consolidated reports for all company stakeholders.

Following a detailed market evaluation, Petrofac's corporate finance team chose Cognos Controller. "Cognos Controller is the best consolidation solution to meet our needs, because it enables comprehensive group reporting and is also a very easy product for non-technical finance staff to use. It met our requirements for a robust, responsive and easy-to-use management and corporate reporting tool that was web-based," said Leigh Howarth, Group Financial Controller at Petrofac.

Another benefit Petrofac expects to gain from Cognos Controller is increased automation of the financial reporting process with subsequent time savings. The system will also provide the necessary full audit trail to satisfy compliance requirements and will be fully owned by the finance team.

"Cognos Controller won on all counts: it offers efficient consolidation, detailed analysis, ongoing process control and rapid deployment -- all the aspects we were looking for as a business in a changing and competitive marketplace," Howarth said.

"More and more multinational companies and groups are looking for an enterprise-wide view of corporate performance to give them faster access to more relevant and more accurate corporate information," said Doug Barton, vice-president, Product Marketing, Cognos. "Cognos Controller has an intuitive interface that makes it an ideal solution for responding to this challenge, helping finance departments to produce consolidated reports faster and more easily and to gain a better insight into the performance of the business as a whole."

About Petrofac

Petrofac is a surface facilities solutions provider serving the oil production, oil refining, natural gas and petrochemical industries. Petrofac's capabilities include process design, detailed engineering, project management, worldwide procurement, fabrication and assembly of process modules, construction, commissioning and operation of most types of process plants.

Petrofac has three main operating centres: in the UAE (Sharjah), England (Woking) and Scotland (Aberdeen) and a network of support offices in the Middle East, Far East, Africa, Former Soviet Union, Indian Sub-Continent and Latin America.

Petrofac designs, builds, commissions and operates surface facilities for oil and gas production, gas processing and oil refining both onshore and offshore. Petrofac's uniqueness is its ability to integrate design, construction and operability principles to deliver an overall facilities solution. Petrofac stands behind this commitment by executing project construction on a lump sum turnkey basis, by taking on long term operations contracts with performance assurance, and through its willingness to invest in projects alongside customers.

For additional information please refer to the Petrofac website at http://www.petrofac.com.

About Cognos

Cognos, the world leader in enterprise business intelligence and corporate performance management, delivers software and services that help companies drive, monitor and understand corporate performance.

Cognos delivers the next level of competitive advantage -- corporate performance management (CPM) -- achieved through the strategic application of business intelligence (BI) on an enterprise scale. Our integrated CPM solution helps customers drive performance through planning; monitor performance through scorecarding; and understand performance through business intelligence.

Cognos serves more than 23,000 customers in over 135 countries. Cognos enterprise business intelligence and performance management solutions and services are also available from more than 3,000 worldwide partners and resellers. For more information, visit the Cognos Web site at http://www.cognos.com.

SOURCE Cognos

Web Site: http://www.cognos.com

Carrie Bendzsa
Cognos, 613-738-1440
carrie.bendzsa@cognos.com