|
|
|||||||
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paradigm to Join
Chevron, Shell, and Schlumberger as an Investor in OpenSpirit Corporation AMSTERDAM, THE
NETHERLANDS – (April 5, 2006): Paradigm™, the leading geoscience software and services provider to the oil and
gas industry for Rock and Fluid Interpretation™, today announced that
they have signed a Memorandum of Understanding to invest in OpenSpirit
Corporation, an independent software company focused on providing integration
solutions for upstream applications and data. Paradigm shares the
vision and common goals for vendor-neutral infinite data and application
integration practiced at OpenSpirit and will participate on the OpenSpirit
Board of Directors. The addition of Paradigm contributes to the delivery of
rapid geological, geophysical, and petrophysical
(G&P) data model access among the industry’s leading data
repositories (Schlumberger GeoFrame and Finder,
Landmark OpenWorks, and Paradigm Epos) and provides
best-of-breed application interoperability. “Oil and gas explorationists and producers need cooperation of the
leading geoscience application and data system
providers to achieve the goal of finding quality prospects to replace oil and
gas reserves and increase daily production. Paradigm is making a very
definite choice to “play well with others” by sharing in the
business vision and objectives of OpenSpirit,“ stated the Paradigm
Executive Chairman and CEO, John W. Gibson, Jr. “Paradigm’s planned investment
in OpenSpirit validates our standing as the market’s only
platform-independent, standards-based, and vendor-neutral integration
solution for upstream data,” says Dan Piette, President and CEO of
OpenSpirit. “We are pleased to extend our application and data
integration capabilities to Paradigm clients to help them reduce their
E&P cycle time and lower risks by making sure they have the right data at
the right time. We look forward to working with John Gibson and his global
team.” About OpenSpirit The OpenSpirit
Corporation, based in Sugar Land, Texas, began operations in July 2000 as an
independent software company focused on providing integration solutions for
upstream applications and data. The OpenSpirit application integration
framework allows interoperability between multiple vendors' applications and
data. To date, more than 30 software vendors have licensed the OpenSpirit
developer's kit. Additionally, there are now more than 1500 oil company end
users in more than 50 countries taking advantage of the framework to speed up critical work flows
and enhance analysis in the geotechnical space, with more adopting the
solution every day. Additional information on OpenSpirit is available at
www.openspirit.com, or via e-mail at info@openspirit.com. About Paradigm Paradigm helps
global oil and gas companies safely replace reserves and increase daily well
production in complex geological areas. The Paradigm geophysics and petrophysics (G&P) advanced technologies suite
includes Seismic Data Processing and Imaging, Prospect Interpretation and
Modeling, Reservoir Characterization, Petrophysics,
Time-to-Depth Conversion, Well Planning, and Drilling. Committed to open
standards, Paradigm extends integration to exploration and production data
and third-party applications with the Paradigm Epos™ Data Sharing and
Application Interoperability Framework. The company has a global network of
sales, services and user support, serving all major oil and gas producing
regions in the world. For additional information visit Paradigm’s
website at www.paradigmgeo.com . The following are
trademarks or registered trademarks of Paradigm Geotechnology
B.V. or any of its affiliates (collectively, “Paradigm"):
Paradigm™, Paradigm logo and/or other Paradigm products referenced
herein. OpenSpirit is a registered trademark of OpenSpirit Corporation. All
other trademarks are owned by their respective owners. Paradigm Media Contact Susan Allen Farrell Tel: +1 832-567-3747 sfarrell@paradigmgeo.com
OpenSpirit Media Contact Kathy Ashmore Tel: +1 281-295-1420 kathy.ashmore@openspirit.com |
|
|
|
|