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-- WITH PHOTO -- TO BUSINESS, AND ENERGY EDITORS:
COMESA Adopts Paradigm Software to Support Its Expansion into Latin
America and Texas Oil & Gas Plays
MEXICO CITY, March 3, 2014 /PRNewswire/ -- Paradigm@ (www.pdgm.com)
announced today that Mexico seismic services company COMESA
(www.comesa.mx) has incorporated the full Paradigm software suite for
seismic processing & imaging, interpretation & modeling, and reservoir
characterization, including GeoDepth@, SeisEarth@ and Geolog@. The
transaction, part of continued Paradigm growth in Latin America, sets
the stage for future collaboration with companies like COMESA that are
rapidly expanding their exploration and production operations in the
region.
COMESA will incorporate the software into its service offerings for
clients in Mexico and its expansion into other Latin America
countries, including Bolivia, Colombia and Peru, as well as the South
Texas Eagle Ford Shale. To support this, the company has recently
broadened its primary focus on ground seismic acquisition for
exploration and production to marine seismic and transitional zones.
As the first Latin American company with ten thousand electronic
multi-component stations, COMESA consistently expands its seismic
technology capabilities, implementing an internal system for business
intelligence (BI) and monitoring to test and select new and efficient
technologies.
With seismic processing and imaging solutions like GeoDepth and the 3D
seismic interpretation applications SeisEarth and VoxelGeo@, COMESA
can get a better subsurface understanding related to geological
models, risk and uncertainty, and improve cycle time through more
effective cross-functional collaboration among asset teams. The
agreement also provides licenses for reservoir characterization
solutions, including Geolog for advanced petrophysical analysis and
Probe@, which supports AVO analysis and interpretation.
"Operators in Mexico and Latin America are pressured to make quick,
reliable business decisions for new discoveries and to exploit
reserves already discovered," said Adan Oviedo, managing director at
COMESA. "Using Paradigm among others software tools and proprietary
processes at COMESA, we were able to reduce the time from seismic
acquisition to first oil production by 40% (from 15 months to 180
days) for our client Petróleos Mexicanos. For us, that's a huge added
value that we can offer to our clients - supported by Paradigm's
established presence in Latin America and its integrated solutions for
seismic processing and interpretation."
"With this agreement, Paradigm is strengthening its growing presence
in Latin America and supporting the region's operations in complex
environments, such as compact rock deposits, shale oil and gas
reserves and deep water deposits," said Angel Garcia, Mexico country
manager for Paradigm. "Companies like COMESA are recognizing the value
of Paradigm solutions in reducing uncertainty and improving
reliability through better seismic data analysis, interpretation and
modeling of the subsurface."
The deal also sets the stage for future collaboration between Paradigm
and COMESA for the innovative use of Paradigm software solutions in
Latin America oilfields and the development of new capabilities. "We
develop strategic relationships with suppliers like Paradigm, to
complement our capacity to execute on projects, create internal
competencies and respond quickly to the requirements of our
customers," added Oviedo.
For more information on Paradigm products and services, visit
www.pdgm.com, or e-mail info@pdgm.com.
About Paradigm@ Paradigm (www.pdgm.com) is the largest independent
developer of software-enabled solutions to the global oil and gas
industry. Paradigm easy-to-use technology and workflows provide
customers with deeper insight into the subsurface by combining
leading-edge science, high-performance desktop and cluster computing,
and scalable data management, delivering highly accurate results and
productivity without compromise.
The following are trademarks or registered trademarks of Paradigm B.V.
and/or its affiliates and subsidiaries (collectively, "Paradigm"):
Paradigm@, Paradigm logo and/or other Paradigm products referenced
herein. All other trademarks are owned by their respective owners.
About COMESA Compania Mexicana de Exploraciones S.A. de C.V., COMESA,
(www.comesa.mx) is a state-owned Mexican company. COMESA operations
are focused on designing integral solutions for the exploration and
exploitation of hydrocarbons all over the Mexican country, by using
state-of-the-art technologies, social responsibility and a commitment
to the development and well-being of its human assets. The company was
founded in 1968 to support specific needs of Petróleos Mexicanos
(PEMEX) and operated as a reliable and strategic ally.
PARADIGM MEDIA CONTACT Samhita Shah Tel: +1 713.393.4109
Samhita.shah@pdgm.com
Logo - http://photos.prnewswire.com/prnh/20110317/CL67156LOGO
SOURCE Paradigm
-0- 03/03/2014
/Photo: http://photos.prnewswire.com/prnh/20110317/CL67156LOGO
/Web Site: http://www.pdgm.com
CO: Paradigm; COMESA
ST: Mexico
IN: OIL UTI CPR STW
PRN
-- CL75348 --
0000 03/03/2014 15:14:00 EDT http://www.prnewswire.com
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