(AMSTERDAM, Netherlands: April 1, 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 the worldwide release of its Paradigm GOCAD® Suite Version 2.5.2 software package for reservoir engineering and advanced geologic and seismic interpretation. The suite includes four new workflow-based applications for improved functionality and interconnectivity in structural analysis, and incorporates many improvements from customer comments and suggestions.
Paradigm GOCAD Suite Version 2.5.2 extends interdisciplinary 3D subsurface modeling with integrated workflows, rigorous data analysis, new documentation, and the addition of plug-in extensions. The new version of GOCAD produces more accurate results and accelerates data processing, resulting in higher quality reservoir models. GOCAD 2.5.2 presents a Microsoft-certified graphical user interface and introduces four new plug-in applications, including:
- Paradigm™ GOCAD® 2-D Restoration (Kine3D-2)
- Paradigm™ GOCAD® 3-D Restoration (Kine3D-3)
- Paradigm™ GOCAD® Finite Element Mesh Constructor (Tessellation Workflow)
- Paradigm™ GOCAD® Reservoir Risk Assessment (Jacta Cluster)
The four modules provide new structural interpretation functionality, integration with the Paradigm GOCAD Suite and seamless interaction across applications. Kine 2D-2 and Kine 3D-3 offer 2D and 3D restoration for advanced structural analysis to help geologists create coherent geologic interpretations when 3D seismic data is scarce. The Finite Element Mesh Constructor builds tetrahedral meshes for use in 3D restoration, and the Reservoir Risk Assessment application accelerates compute time in reservoir uncertainty analysis for faster reserve estimation and superior risk analysis.
“GOCAD Suite Version 2.5.2 represents Paradigm's commitment to meeting customer needs as well as the advancement of geologic restoration solutions,” said Jean-Claude Dulac, chief architect for Paradigm. “GOCAD Version 2.5.2 achieves significant productivity gains while enabling more confident decision making. We were able to design new and upgraded tools to meet increased industry demand for faster processing and more accurate modeling.”
For more information on Paradigm GOCAD Suite Version 2.5.2 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), the 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
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.