Posts tagged ‘Paradigm’
Fugro Selects Paradigm Software for Depth Imaging
E&P Software provider Paradigm announced that Fugro has selected Paradigm’s depth imaging technology to enhance productivity and accuracy across global operations. The announcement was made at the 2010 American Association of Petroleum Geologists (AAPG) Annual Convention and Exhibition in New Orleans.
“As an international company, our operations demand that software delivers precise results in a wide variety of geological environments,” said Andy Cowlard, Managing Director of Fugro Seismic Imaging. “We chose to deepen our commercial relationship with Paradigm because their tools provide the power and flexibility we require.”
The selected workflow is designed to provide geophysicists with a high-quality, globally deployable, depth imaging and interpretation solution, backed by Paradigm’s network of local support offices. The solution combines the imaging power of the Paradigm™ GeoDepth® pre-stack depth migration suite with the interpretation speed of the fast, true waveform event propagator.
“Fugro is a diverse company operating in every major region around the world,” said James Lamb, Paradigm’s Exec. VP for the Americas. “To support Fugro’s goals, we have delivered a comprehensive, universally applicable depth imaging solution that will cater to their current and future needs.”
Paradigm Maximizes SKUA Performance on Intel Platforms
Paradigm, purveyor of E&P software solutions, announced the results of its technological collaboration with Intel® Corp. The two companies jointly worked on the integration of the optimized linear algebra routines from Intel MKL into the latest version of Paradigm™ SKUA® 2009, enabling the software to take full advantage of the Intel multi-core processor architecture. This resulted in optimizing the computation time of the matrix inversion step used inside the construction of a SKUA model by a factor of up to 50 times. The announcement was made at the 2010 American Association of Petroleum Geologists (AAPG) Annual Convention and Exhibition in New Orleans.
“The computation of the SKUA UVT transform relies on solving a large system of equations representing geological constraints given by the users,” said Jean-Claude Dulac, Paradigm’s Exec. VP of Science and Technology. “Thanks to Intel’s scientific libraries optimized for Intel processors, we have a solution that will allow our customers to work with the highest degree of efficiency, maximizing their return on new multi-core equipment investments.”
This collaboration with Intel enabled Paradigm to benchmark the Intel X25E Solid State Disk versus a traditional Hard Disk Drive for Out-Of-Core models. Tests showed that Solid State Disk usage increases the speed by an additional factor of 1.4 in overall computing time.
These two combined speedups enhance the performance of SKUA 2009 by nearly two orders of magnitude, allowing customers to work on higher resolution models that produce a more accurate structural and stratigraphic representation of the subsurface.
“Working together, Paradigm and Intel were able to unleash the Intel Xeon® processor 5000 sequence-based platform, solid state disk and software technologies, and deliver substantial performance improvement for seismic data interpretation and structural modeling,” said Andrey Semin, HPC Technology Manager, Intel Software and Services Group. “This improvement will have long-term benefits for exploration and production, and the cooperation between Intel and Paradigm demonstrates our ability to solve customers’ challenges with state-of-the art platform and software technologies.”
Paradigm Introduces Academic Software Program
Paradigm, provider of upstream enterprise software solutions, announced its Academic Software Program, which will provide institutions of higher learning with access to Paradigm’s state-of-the-art E&P software. The program includes innovative applications in seismic processing and imaging, interpretation and modeling, reservoir characterization, reservoir engineering, and well planning and drilling engineering.
“At the Centre for Petroleum Studies at Imperial College London, we aim at preparing students to be fully operational when they start working in industry,” said Director Alain Gringarten, one of the many institutions benefiting from the program. “Practicing with software products used by oil and gas companies is part of our curriculum, and we are very grateful to Paradigm for providing us with valuable access to its interpretation and reservoir engineering suites.”
The Paradigm Academic Software Program provides academic access to key industry software products such as Paradigm™ VoxelGeo®, Stratimagic®, SeisEarth®, GOCAD®, SKUA®, Geolog® and Sysdrill®. In continued dedication to university research programs, Paradigm will also provide participating universities with free access to application software development kits. Qualified universities may apply for the Paradigm University Grant Program, which provides access for classroom and/or research-based use.
“Paradigm software products are critical to our research and teaching activities in energy and geoscience,” said John Shaw, Chairman of the Department of Earth & Planetary Sciences at Harvard. “We use their structural modeling capabilities extensively as a means of integrating various data types and developing new methods of petroleum trap and reservoir characterization.”
Paradigm continues to expand collaboration with university professionals. Through the Academic Software Program, the software package for university members of the GOCAD Consortium will include the possibility to license Paradigm SKUA 3D modeling software.
“We are very enthusiastic to see SKUA becoming widely available to universities, for both teaching and research purposes,” said Guillaume Caumon, Director of the GOCAD Research Consortium. “The availability of Paradigm’s state-of-the art geosciences software and corresponding developer kits to universities is clearly a win-win situation, and will help bridge the gap between academic research and practical industrial applications.”
“Academic institutions play a critical role in the development of our industry,” said Jean-Claude Dulac, Paradigm’s Exec. VP of Science & Technology. “Given that educators are responsible for training future industry leaders and innovators, we believe that by investing in education today we are actively helping to overcome the challenges of tomorrow.”
Paradigm Releases Sysdrill 2009.1 with Chinese and Russian Languages
Paradigm, provider of E&P software solutions, announced the release of Paradigm™ Sysdrill® 2009.1, at the 2010 IADC/SPE Drilling Conference and Exhibition in New Orleans. This release supplies comprehensive Chinese and Russian translations as well as integration with Paradigm™ Epos® 4.
“The Chinese and Russian energy markets are rapidly growing, both in size and importance,” said Robert Innes, Paradigm director of well planning and drilling. “Sysdrill 2009.1 effectively eliminates previous language-based usage limitations, providing Chinese- and Russian-speaking users with access to one of the industry’s most advanced well planning and drilling engineering applications.”
The Sysdrill 2009.1 update extends the range and accessibility of the Sysdrill suite, which offers well planning, survey management, anti-collision, torque and drag, hydraulics, casing design, cementing, and well control in a single application. Further integration with Epos system offers Sysdrill users quick and more reliable access to E&P data for collaborative work on large, multi-disciplinary projects. Epos 4, released in July 2009, is an open data integration platform scalable from a laptop to a full enterprise solution.
Newfield Exploration Selects Paradigm Geolog
Paradigm, provider of oil and gas software solutions, announced that Newfield Exploration Co. has selected Paradigm™ Geolog® as its chief application for well log and petrophysical analysis. The suite will provide Newfield with advanced petrophysical analysis tools, high-end presentation graphics, and flexible modularity combined with an easy-to-use environment.
“We selected Geolog because it allows us to enhance our reservoir description capabilities within a single software environment, eliminating the time delays often associated with data conversion and transfer,” said Dick Merkel, senior petrophysicist at Newfield. “The ability to share one petrophysical product between office locations provides considerable advantages in both time and cost.”
The Geolog suite’s extensive application integration improves process time and data integrity preservation by allowing users to seamlessly migrate datasets across tasks. The suite is designed to handle entire workflows in one integrated environment and enables users to ensure that all available data is analyzed.
“Our goal is to provide our clients with a clear competitive advantage through the successful application of efficient, sophisticated technology,” said Serge Sauvagnac, VP USA, Paradigm. “We believe that the integration of Geolog into their company workflows will provide Newfield with faster and more detailed reservoir analysis. Paradigm looks forward to working with Newfield and supporting its long-term E&P goals.”
CPC Corp. Taiwan Signs Global Access Agreement with Paradigm
Paradigm, provider of enterprise oil and gas software solutions, has signed a multi-year global access agreement with CPC Corp. Taiwan. The contract will provide CPC with full access to the Paradigm seismic interpretation suite, including products such as SeisEarth®, VoxelGeo®, Stratimagic®, and Geolog®.
“After conducting a rigorous technical evaluation, we chose Paradigm software for its competitive value,” said Bishop Hsu, head of exploration, CPC. “At CPC, we place strong emphasis on using the most sophisticated technology to generate the best results. We believe that this investment will prove instrumental as we expand our operations.”
The Paradigm seismic interpretation solution equips geoscientists with multi-2D and -3D tools for creating seamless interpretation and analyzing seismic data within a fully functional 3D canvas. Advances within this technology speed up interpretation time and assist geoscientists in identifying potential exploration prospects and drilling targets, leading to faster, more productive workflows.
“We are very pleased to provide a next-generation seismic interpretation solution that is well-suited to the unique business needs of CPC,” said David Betty, Exec. VP Asia Pacific, Paradigm. “We greatly value the spirit of the relationship and the confidence that CPC has placed in Paradigm and look forward to working with them for a long time to come.”
Paradigm Secures $65 Million Investment, John Gibson Departs as CEO
Paradigm, provider of oil and gas software solutions, announced a $65 million cash investment from affiliates of private equity firm Fox Paine & Company, Paradigm’s majority shareholder. The capital raised will enable Paradigm to accelerate the commercialization and rollout of breakthrough technology.
“Our enhanced financial position will allow us to accelerate the commercialization of recent game-changing R&D breakthroughs, which should result in aggressive topline growth in 2010 and beyond,” said Paradigm Vice Chairman Eldad Weiss.
Paradigm also announced the departure of John W. Gibson, Jr. after 4.5 years as Paradigm CEO.
“We thank John for his efforts on behalf of Paradigm and wish him well in his future endeavors,” said Saul Fox, Paradigm Chairman and CEO of Fox Paine & Company.
Santos to Implement Full Suite of Paradigm Solutions
Paradigm has signed a multi-year contract to provide Australia-based Santos Ltd. enterprise access to the full scope of Paradigm seismic interpretation and reservoir characterization products.
“After a detailed technical evaluation, we selected Paradigm technology for the functionality of their interpretation and characterization applications,” said Trevor Brown, VP Exploration, Santos. “At Santos, we place a strong emphasis on integrated workflows and data management, backed up by functionally rich applications.”
The Paradigm seismic interpretation solution provides geoscientists multiple 2D and 3D tools for creating seamless interpretation and analyzing seismic data. This improves interpretation time and greatly assists geoscientists in identifying potential exploration prospects and drilling targets. Paradigm reservoir characterization applications enable the integration of the interpreted model with reservoir properties obtained from well logs and core data so that engineers are better able to determine potential reserves and fluid flow behavior.
“Santos truly has technology at its core and believes in using cutting-edge science to generate real value,” said David Betty, Exec. VP Asia Pacific, Paradigm. “At Paradigm we share this vision and look forward to helping Santos meet its evolving business needs throughout the coming years.”
Paradigm Unveils GeoDepth Tomography for Advanced Seismic Processing
Paradigm has released Paradigm GeoDepth® Tomography, a next-generation, grid-based velocity model solution that enables geophysicists to update rapidly the largest velocity models developed from complex geologic regimes. Tomography is the newest addition to the Paradigm GeoDepth software suite, delivering enhanced seismic imaging quality, reduced interpretation uncertainty and increased productivity.
The GeoDepth Tomography solution addresses the computational, interpretational and acquisitional challenges of updating large and complex velocity models for critical seismic assets. It provides added capacity for handling rich azimuth acquisitions and updating anisotropic parameters in sedimentary layers.
“Our new tomography application carries the imprint of years of theoretical and applied experience in velocity model updating,” said Zvi Koren, senior research fellow and chief geophysicist at Paradigm. “GeoDepth Tomography will have a huge impact on our customers’ imaging projects.”
GeoDepth Tomography leverages the Paradigm high-performance computing infrastructure as well as its interpretation solutions to deliver automatic velocity updates. The solution minimizes iteration cycles by combining rich, high-quality ray tracing with new tools that automatically reflect surface picking and pre-stack residual moveouts.
“GeoDepth Tomography provides the industry-proven GeoDepth suite with new, innovative capabilities that simplify and enhance the velocity modeling process,” said Duane Dopkin, Paradigm’s Senior VP of technology. “By combining and automating complex tasks, this application can dramatically improve project turnaround time, allowing geophysicists to operate within challenging time constraints while still achieving the high quality results.”
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