(DUBAI, United Arab Emirates: Jan. 30, 2008) Earth Decision Sciences, FZ-LLC, an affiliate of Paradigm (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced today that a major agreement has been reached with Kuwait Oil Company (KOC) for the purchase of Paradigm Geolog petrophysical analysis software licenses to be used for companywide petrophysical E&P operations. This contract extends the mutual commitment Paradigm and KOC have to support consumers with available energy.
The multiyear agreement encompasses the purchase of Paradigm Geolog software licenses, additional advanced modules and training and technical support. The Paradigm Geolog petrophysical applications package offers enhanced automation efficiency and interactivity for petrophysical analysis, well data management and geological interpretation. The software solutions suite delivers advanced technology, superior presentation graphics, modularity and ease of use.
“Paradigm is delighted to be a part of KOC’s long term E&P strategic business goals and is committed to our client base in the Middle East,” said Jorge Machnizh, Paradigm’s chief operating officer. “This new contract provides KOC with the essential tools needed to meet its petrophysical analysis goals and strengthens its relationship with Paradigm.”
For more information on Paradigm Geolog and other Paradigm products and services, contact your regional office directly (find information at www.pdgm.com), or e-mail info@pdgm.com.
About Paradigm™
Paradigm B.V. (www.pdgm.com), a leader in the digital subsurface asset management industry, helps global oil and gas companies locate new reserves and optimize production in complex geological areas. Paradigm’s technology advances the science of hydrocarbon detection with solutions in seismic data processing and subsurface imaging, prospect interpretation and modeling, reservoir characterization, and well planning and drilling. These exploration and production solutions operate in an open environment with connectivity to third-party data stores to accelerate project creation and turnaround. Paradigm has a global network of sales, services and user support, serving major oil and gas producing regions around the world. For additional information visit Paradigm’s website at www.pdgm.com.
The following are trademarks or registered trademarks of Paradigm B.V. or of its affiliates (collectively, “Paradigm”): Paradigm™, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners.
About Kuwait Oil Company
Kuwait Oil Company (www.kockw.com) is a state-owned company responsible for production of hydrocarbon resources, upstream activities, storage, export of these hydrocarbons and marine operations at all tanker ports of Kuwait.
Forward-Looking Statements
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