(ANAHEIM, California: Nov. 12, 2007) Paradigm™ (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production industry, announces the release of Paradigm Sysdrill™ Version 3.0. The new version is an evolved product suite of well planning and drilling software solutions that combines powerful new modules with existing functionality in a single unified application.
Paradigm Sysdrill Version 3.0 focuses on four areas of improvement to existing industry software: functionality, efficiency, accessibility and interoperability. The software features significant enhancements to existing Sysdrill technology, including the following advanced components:
- Automatic well planning
- Advanced target definition
- Casing wear prediction
- Dual gradient modeling
- Temperature modeling
- Well control kill sheet
- Volume calculator
- Packer calculation
- DEX/WITSML interoperability
“Paradigm Sysdrill Version 3.0 reinforces Paradigm’s continuing commitment to the investment and development of well planning and drilling engineering applications,” said Duane Dopkin, Paradigm’s senior vice president of technology. “We recognize the energy market’s demand for drilling software technologies that are independent of traditional rig site services, and our unbiased solutions help our customers achieve their drilling objectives without conflict of interest.”
“Market analysis shows that loosely integrated software applications detract time and focus from drilling operations and are a leading cause of dissatisfaction among well planners and drilling engineers,” said Robert Innes, director of well planning and drilling at Paradigm. “For over 20 years, Sysdrill’s mission has been to develop integrated drilling engineering applications, and Paradigm Sysdrill Version 3.0’s advancements reach unprecedented levels of product integration to enable faster, easier use and productivity-driven workflows.”
Paradigm Sysdrill Version 3.0 is the cornerstone of Paradigm’s Well Planning and Drilling functional discipline—a component of the company’s workflow-driven framework of integrated software solutions for each step of the E&P value chain.
For more information on Paradigm Sysdrill Version 3.0 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 Geophysical Corp. (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 modelling, 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.