PanAtlantic Exploration Company Adopts Paradigm's Subsurface Software Suite for International Deepwater Exploration and Production Projects
Paradigm Technology (Beijing) Co., Ltd.
Suite 1803, Capital Mansion
Press release date: November 5, 2012
Paradigm solutions to improve cycle times and enhance subsurface reliability.
LAS VEGAS - Paradigm(TM) (www.pdgm.com) announced today that PanAtlantic Exploration Company has adopted Paradigm geophysical and petrophysical applications for all of its exploration and production work in the deepwater environments of Brazil and Africa. PanAtlantic will use the Paradigm solutions for every step in the upstream workflow, from seismic processing and imaging through interpretation and modeling, reservoir characterization, reservoir engineering, and well planning and drilling engineering. The announcement was made at the 2012 SEG International Exposition and 82(nd) Annual Meeting, Las Vegas.
"We needed an integrated geoscience solution with the proven track record to handle complex geologic scenarios. Paradigm's product suite was the obvious choice," said Bill Drennen, CEO of PanAtlantic. "We expect to improve project cycle time and enhance result reliability by using Paradigm's seismic imaging and characterization solutions and its interpretation and modeling systems. With the acquisition of this technology, we have secured a solution that puts us in a better position to create quality opportunities."
"At Paradigm, we understand the complexity and rewards of exploring for and producing oil in deepwater environments," said James Lamb, executive vice-president, operations for Paradigm. "By taking advantage of our integrated technology suite, PanAtlantic can better streamline its E&P projects to achieve well informed and comprehensive results from the analysis of complex subsurface data. We are thrilled that PanAtlantic has selected Paradigm solutions, and look forward to helping the company maximize its investment in and commitment to its deepwater operations."
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Paradigm (www.pdgm.com) is the largest software company focused exclusively on the delivery of analytical and information management solutions for the oil and gas industry. Customers rely on Paradigm software to discover and extract hydrocarbon resources and make better business decisions. Paradigm's solutions span the most critical exploration and production disciplines from seismic processing and imaging, interpretation, modeling to reservoir characterization, and well planning and drilling. Providing the industry with quality support and productivity tools since 1987, Paradigm operates globally from more than 30 customer service and technology facilities on six continents.
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