Fugro Selects Paradigm Software as Global Standard for Depth Imaging
2010.04.15 -
Company News
Paradigm, a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced today that Fugro has selected Paradigm depth imaging technology to enhance productivity and accuracy across global operations.
"As an international company, our operations demand that software delivers precise results in a wide variety of geological environments," said Andy Cowlard, Managing Director of Fugro Seismic Imaging worldwide. "We chose to deepen our commercial relationship with Paradigm because their tools provide the power and flexibility we require."
The selected workflow is designed to provide geophysicists with a high-quality, globally deployable depth imaging and interpretation solution, backed by Paradigm's network of local support offices. The solution combines the raw imaging power of the Paradigm(TM) GeoDepth®, pre-stack depth migration suite, with the interpretation speed of the fast true waveform event propagator.
"Fugro is a diverse company operating in every major region around the world," said James Lamb, Paradigm executive vice president for the Americas. "To support Fugro's goals, we have delivered a comprehensive, universally applicable depth imaging solution that will cater for their current and future needs."
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
