The new epos 3.0 Integration Framework Supports Highly Integrated Geoscience
Solutions, Including Advanced Geosteering Capabilities
HYDERABAD, India, Jan. 16 /PRNewswire/ -- Paradigm, the premier provider
of advanced petroleum geoscience and drilling technology to the oil and gas
exploration and production industry, will be showing its next-generation
software solutions, running on the new epos 3.0 data management and
interoperability integration framework, at the SPG Exhibition in Hyderabad,
India, January 15-17, 2004. Based on state-of-the-art technologies, the epos
3.0 integration framework provides unprecedented workflow efficiencies and
enhanced personal productivity through comprehensive product integration and
advanced data management and interoperability capabilities, throughout the E&P
process. All of the workflows shown by Paradigm at SPG will run on epos 3.0,
and Paradigm invites its customers to come for a firsthand look at the eXtra
Value to be gained from this unique operating environment.
One of the recent successes in the Indian E&P industry has been the
completion of a "real-time operations" pilot project by ONGC, India's National
Oil Company. In the project, LWD (Logging While Drilling) Geosteering data of
Halliburton's Sperry-Sun toll was streamed in real time from an offshore rig
in the Mumbai High North field, to ONGC's Third Eye Center (TEC) 3D Immersive
Visualization at Vasudhara Bhavan, Mumbai. The Real Time Operation (RTO) of
well data through the WITSML(TM) link, and its display in a 3D immersive
visualization environment were enabled through Paradigm's industry-leading
visualization and interpretation solutions. This was the first successful
implementation of WITSML 1.2 using the Paradigm Geolog(R) geosteering module.
Kharak Singh, Executive Director-Mumbai High, ONGC, said, "Paradigm's
entire suite of interpretation and visualization solutions involving
geological model building, visualization of rock and fluid properties is being
used at the TEC by all the producing assets of offshore Western India.
Refinement of existing reservoir models through immersive volume
visualization, and the design of high tech wells being drilled under the
ongoing re-development of the Mumbai High field, one of India's largest and
most strategic producing oilfields, is being done by the geoscientists and
engineers here in a collaborative environment. Paradigm's solutions are
enabling comprehensive visualization of well paths, well logs, fault framework
and other relevant information. This integrated approach is helping to drill
healthy, infill high-tech wells for improved oil recovery."
The co-visualization, in a single frame, of static property derived from
seismic, well log and core, and a dynamic property like hydrocarbon saturation
through reservoir simulation, is a unique utility developed by Paradigm with
the active participation of ONGC at TEC, Mumbai.
Andy Furniss, Paradigm Technology Director for Asia Pacific, added,
"Paradigm's fully integrated geoscience solutions and Trace-to-Target(TM)
workflows are bridging the gap between Geoscientists and both Reservoir and
Drilling Engineers, and enabling the type of multi-disciplinary collaboration
we've enjoyed with the professionals at ONGC. Our cutting edge technologies
enable such collaboration across the entire E&P workflow, answering an
increasingly important requirement in today's consolidating industry."
Paradigm runs a large seismic data processing center in Mumbai, with
state-of-the-art computing technology that includes several hundred CPUs
(Origin 3000, IBM Linux Clusters and IBM Blade Servers) and multi-terabytes of
disc space (Fast 900).
Eldad Weiss, CEO of the Paradigm Group, will be giving the keynote address
at SPG. Held on Saturday, Jan 17, at 10:50 AM. Mr. Weiss will discuss,
"Emerging Trends in the Exploration & Production of Hydrocarbons."
In addition, Paradigm will be holding a Media Event at SPG on Friday, Jan
16 at 3 PM, where the press is invited to meet with Eldad Weiss and senior
executives of Paradigm Asia Pacific.
Paradigm will be presenting in booths 38, 39 and 46 in Deccan Hall.
About Paradigm
Paradigm provides information solutions to the leaders of the oil and gas
industry worldwide. The company has a global network of sales, service and
user support, with 22 offices in 19 countries, serving all major oil and gas
producing provinces in the world. Paradigm's advanced set of Software
Solutions and Geophysical and Reservoir Study Services, in the form of
Trace-to-Target workflows, covers every step in the oil and gas E&P process,
from Data Processing and Imaging; through advanced Visualization,
Interpretation and Earth Modeling; to Reservoir Characterization and
Petrophysics; up to Well Planning and Drilling Operations. All of these
solutions are supported by the epos Data Management and Interoperability
integration framework.
The following are trademarks or registered trademarks of Paradigm
Geotechnology B.V. or any of its affiliates (collectively, "Paradigm"):
Paradigm(TM), Paradigm logo, FlowView(TM), Geolog(R), OpsLink(TM), Reservoir
Navigator(TM), VoxelGeo(R) and/or other Paradigm products referenced herein.
ECLIPSE(R) is a registered trademark of GeoQuest, a subsidiary of
Schlumberger. WITSML(TM) is a trademark of Petrotechnical Open Standards
Consortium, Inc.(POSC).
Recent press announcements are available on Paradigm's web site:
http://www.paradigmgeo.com.
Certain statements contained in this media update are forward-looking in
nature. These statements can be identified by the use of forward-looking
terminology such as "`believes," "expects," "may," "will," "could", "should,"
or "anticipates" or the negative thereof or comparable terminology, or by
discussions of strategy. The company's business and operations are subject to
a variety of risks, uncertainties and other factors. Consequently, actual
results may materially differ from those projected by any forward-looking
statements. Such risks, uncertainties and other factors that could cause
actual results to differ from those projected include, but are not limited to,
the following: (1) political risk and uncertainty in the global economy and
within the energy sector, (2) regional conflicts in oil producing countries,
(3) future capital expenditures by oil and gas companies, (4) fluctuations and
absolute levels of international oil prices, (5) the need for increased
Company investment to support new product and new service introductions, (6)
the company's ability to raise needed additional capital, (7) rapid
technological changes that could make the company's products less desirable or
obsolete, (8) market acceptance of the Company's products and services, (9)
changes in product sales mix, (10) product transitions by the Company and its
competitors, (11) the impact of competitive products and pricing, (12)
currency fluctuations. The company makes no commitment to revise or update
any forward-looking statements in order to reflect events or circumstances
after the date any such statement is made.
Paradigm Media Contacts
Corporate
Arita Mattsoff
Tel: +44 1483 758 000
aritam@paradigmgeo.com
Asia Pacific
Nicola Davies
Tel: +61 8 9327 1807
nicolad@paradigmgeo.com
SOURCE Paradigm
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Related links:
http://www.paradigmgeo.com
CONTACT:
Arita Mattsoff, Corporate, +44-1483-758-000,
aritam@paradigmgeo.com, or Nicola Davies, Asia Pacific,
+61-8-9327-1807, nicolad@paradigmgeo.com, both of Paradigm
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