SMT, JewelSuite, CMG Announce Seismic To Simulation Alliance

January 17, 2010 at 11:24 am Leave a comment

Seismic Micro Technology (SMT), JewelSuite (part of the JOA Group) and Computer Modelling Group Ltd. (CMG) announced the launch of the Seismic To Simulation (STS) Alliance, which integrates best-of-breed technologies encompassing all three components of the prospect evaluation workflow: interpretation, modeling and simulation.

            Each of the member companies is a recognized leader in E&P software, enabling oil and gas exploration teams to identify, visualize and assess subsurface field and reservoir conditions. These technologies contribute to greater productivity and higher accuracy, reducing cycle times and improving efficiency for hydrocarbon extraction.

            “The STS Alliance gives customers a resolution to a longstanding industry dilemma,” said Indy Chakrabarti, Director of Marketing for SMT. “Energy companies, historically, have had to choose either a single vendor solution that is integrated but perhaps not cutting edge, or cherry pick top technologies and sacrifice integration. With the STS Alliance, customers can have the best of both worlds.”

            The Alliance brings together unique science from each of the partners. SMT offers its patent-pending KINGDOM Illuminator™ technology to improve seismic interpretation speed and accuracy. JewelSuite™ delivers its JewelGrid faulted S-grid modeling approach that overcomes the technical issues that arise from “first generation” gridding approaches. CMG provides high-performance simulation for all reservoir types, including conventional oil and gas and heavy oil.

            “This alliance unites three industry leaders, each with a reputation for scientific excellence in a critical aspect of the prospect evaluation workflow,” said Dan Dexter, VP Canada and Marketing, CMG. “This means that for the first time the geophysicist, the geologist, and the engineer can all choose the top technology for their respective discipline and still easily collaborate amongst each other.”  

            “The traditional single vendor offering frequently meant sacrificing a certain degree of functionality in component workflows in order to gain overall compatibility across the workflow,” said Jim Thom, Director of Strategy and Partnering, JOA Oil and Gas. “Customers could compensate for this by adding niche software to fill in the gaps, but without integration, there is significant productivity loss moving data across solutions. The STS Alliance removes the need for customers to make these sacrifices by bringing together the technology leaders in exploration, evaluation and production phases of field development.”

www.stsalliance.com

www.cmgroup.com

www.jewelsuite.com

www.seismicmicro.com

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Entry filed under: Geoscience & Exploration Solutions, Interoperability & Integration, Joint Venture or Merger. Tags: , , , , , , , , , , , .

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