Paradigm™ Releases New Version of Geolog Well Software

Geolog® Version 6.7 designed to impact formation evaluation and geosteering in E&P projects

(SAN ANTONIO: April 21, 2008) 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 the release of Paradigm Geolog® Version 6.7 at the American Association of Petroleum Geologists (AAPG) Annual Conference and Exhibition in San Antonio, Texas. The latest edition of Paradigm’s petrophysical analysis, well data management and geological interpretation software is now available for worldwide customer licensing. The solution is designed to have a significant impact on E&P activities in both formation evaluation and geosteering projects.

Paradigm Geolog Version 6.7 provides advanced petrophysical analysis tools, presentation graphics, data integration and flexible modularity in an easy-to-use environment. The solution focuses on four areas of new development: support for the generalist and geologist, improved usability through newly designed user interface and workflows, creation of the foundation elements for 3D petrophysics and development of additional tools and analysis techniques.

Paradigm Geolog Version 6.7 incorporates enhanced productivity and usability features, including a new module combiner that enables users to more easily build, execute, record and play back workflows. The software strengthens Paradigm Geolog’s multilog analysis and rapid quality control (QC) capabilities with multiple cross-plot and histogram views and composite coherency plots and spidergrams, which are ideal for development fieldwork. Additionally, Paradigm Geolog Version 6.7 extends the current popular geosteering solution with 3D model support and a refresh capability, allowing the drilling engineer to evaluate the impact of real-time updates on the 3D model.

“Paradigm Geolog 6.7 includes quality upgrades designed with the customer in mind. Consistent, easy-to-use interfaces offer shorter learning curves and lower training costs in a customizable integrated environment,” said David Verdun, Paradigm’s executive vice president, R&D and customer support. “Geolog 6.7 handles the entire workflow, incorporating data loading, log editing, analysis, presentation and reporting in one integrated environment, eliminating the need for separate applications.”

For more information on Paradigm Geolog Version 6.7 and other Paradigm products and services, contact your regional office directly (information at www.pdgm.com), or e-mail info@pdgm.com.

About Paradigm™
Paradigm B.V. (www.pdgm.com), an industry leader in digital subsurface asset management, 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.

Forward-Looking Statements
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