Using different tools including Paradigm interpretation and modeling solutions, COMESA achieves 40% time reduction from seismic acquisition to first oil production for Mexico client.



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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

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

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