(AMSTERDAM, Netherlands: May 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, announces a donation of Paradigm software to the department of geology at Kyungpook National University (KNU) in South Korea.
The donation includes software licenses for Paradigm SeisEarth™ and Paradigm GOCAD® reservoir engineering and seismic interpretation applications. The software will be installed on two workstations within the department of geology, allowing students access to leading E&P subsurface technologies.
“The software donated by Paradigm is of great value to our program and will expose our students and staff to state-of-the-art geophysical applications for teaching and research,” said Professor In-Chang Ryu, department head, geology, at KNU. “To be successful, students must adopt advanced subsurface technology as a required component of the profession. The SeisEarth and GOCAD applications will give students hands-on experience with industry-leading commercial E&P software, which they will use in their future careers.”
“KNU’s department of geology offers a premiere academic program for the geosciences, and Paradigm is proud to support the unconflicted application of geoscience by future experts using advanced subsurface technologies for seismic interpretation and oil and gas reservoir modeling,” said Andrew Stein, Paradigm’s chief marketing officer. “This contribution is an investment in the future of the profession, and Paradigm is providing actual geophysical tools that will support quality education in the geosciences.”
For more information on 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), 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.
About Kyungpook National University, Department of Geology
The Department of Geology at Kyungpook National University was established in 1961 and is one of the fastest growing geology departments in the nation. The primary goal of the department is to cultivate professional geologists as leaders of the geological and environmental sciences. With B.S., M.S., and Ph.D. degree programs, the Department of Geology at KNU offers comprehensive undergraduate and graduate curricula designed for those with either academic or professional aspirations. The department presents a vigorous sequence of courses that combine field investigations with laboratory experiments and theoretical studies to ensure that students develop an integrated understanding of the physical, chemical and biological processes that govern the behavior and interactions of complex earth systems. Under the guidance of eight professors, 120 undergraduate and 50 graduate students are currently pursuing vigorous research activities in the fields of geology and related areas in collaboration with research institutes and industries in Korea.
Forward-Looking Statements
Some of the statements in this press release may constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of our control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Because actual results could differ materially from our intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this press release with caution. Paradigm does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.