SOURCE: SMT

SMT

January 06, 2010 08:15 ET

SMT, JewelSuite, CMG Announce Seismic To Simulation (STS) Alliance

Alliance Gives Customers New Alternative; Unifies Interpretation, Modeling and Simulation

HOUSTON, TX--(Marketwire - January 6, 2010) - Seismic Micro Technology (SMT), JewelSuite (part of the JOA Group) and Computer Modelling Group Limited (CMG) announced today the launch of the Seismic To Simulation (STS) Alliance. The STS Alliance (www.stsalliance.com) integrates best-of-breed technologies encompassing all three components of the prospect evaluation workflow -- interpretation, modeling, and simulation.

Each of the member companies is a recognized world leader in E&P software, enabling oil and gas exploration teams to identify, visualize and assess subsurface field and reservoir conditions. These technologies contribute to greater productivity and higher accuracy, reducing cycle times and improving efficiency for hydrocarbon extraction.

"The STS Alliance gives customers a resolution to a long-standing industry dilemma," said Indy Chakrabarti, Director of Marketing for SMT. "Energy companies, historically, have had to choose either a single vendor solution that is integrated but perhaps not cutting edge, or cherry pick top technologies and sacrifice integration. With the STS Alliance, customers can have the best of both worlds."

The Alliance brings together unique science from each of the partners. SMT offers its patent-pending KINGDOM Illuminator™ technology to improve seismic interpretation speed and accuracy. JewelSuite™ delivers its JewelGrid faulted S-grid modeling approach that overcomes the technical issues that arise from existing "first generation" gridding approaches. CMG provides high performance simulation for all reservoir types, including conventional oil and gas and heavy oil.

"This alliance unites three industry leaders, each with a reputation for scientific excellence in a critical aspect of the prospect evaluation workflow," said Dan Dexter, Vice President Canada and Marketing, CMG. "This means that for the first time the geophysicist, the geologist, and the engineer can all choose the top technology for their respective discipline and still easily collaborate amongst each other."

"The traditional single vendor offering frequently meant sacrificing a certain degree of functionality in component workflows in order to gain overall compatibility across the workflow," said Jim Thom, Director of Strategy and Partnering, JOA Oil and Gas. "Customers could compensate for this by adding niche software to fill in the gaps, but without integration, there is significant productivity loss moving data across solutions. The STS Alliance removes the need for customers to make these sacrifices by bringing together the technology leaders in exploration, evaluation and production phases of field development."

To learn more about the member companies and STS Alliance capabilities, please visit www.stsalliance.com.

About SMT

Seismic Micro-Technology, the market leader for geoscience software, helps organizations find oil and gas faster. The company's KINGDOM software allows geoscientists to focus on the analysis, not on managing the tools. SMT software enables intuitive interpretation, 3D modeling, analysis and data management, in one integrated executable. Customers can install and interpret data in the same day. With 2,700 customers in 95 nations, SMT has demonstrated performance proven to scale. SMT is headquartered in Houston, Texas with offices in Abu Dhabi, Calgary, Croydon (UK), Moscow and Singapore. For more information, visit www.seismicmicro.com.

About CMG

Computer Modelling Group (CMG) is a computer software technology and consulting company serving the oil and gas industry. The Company is a world leading supplier of advanced processes reservoir modelling software with a blue chip client base of international oil companies and technology centres in approximately 50 countries. CMG has sales and technical support services based in Calgary, Houston, London, Caracas and Dubai. CMG's common shares are listed on the Toronto Stock Exchange ("TSX") and trade under the symbol "CMG". To learn more, visit www.cmgroup.com.

About JewelSuite

JOA Oil and Gas BV is a Microsoft Windows™ only-based software development company that leverages its patented gridding technology along with a powerful Software Development Kit (SDK) to build integrated workflows with its customers and partners. JewelSuite™ software enables fast, easy and accurate reservoir models to be built cost effectively. The company is headquartered in Delft, Holland, with offices in Houston, Calgary, Albuquerque, Aberdeen, Moscow, Jakarta and Lagos. For more information, visit www.jewelsuite.com

Contact Information

  • Media Contact:
    Pamela Griffin
    GriffinGlobal for SMT
    +1 713 444 6409
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