SOURCE: TerraSpark Geosciences

TerraSpark Geosciences

June 29, 2011 10:00 ET

Fugro-Jason Selects Insight Earth® From TerraSpark Geosciences to Optimize and Accelerate Exploration and Production Consulting Projects

HOUSTON, TX and BOULDER, CO--(Marketwire - Jun 29, 2011) - TerraSpark Geosciences, LLC announced today that Fugro-Jason, a member of the Fugro companies and recognized global leader in seismic inversion and reservoir characterization software and services, has acquired five licenses to TerraSpark's Insight Earth® 3D seismic interpretation platform. The licenses include complete access to Insight Earth Base™ and Insight Earth Structure™ application tools.

According to Fugro-Jason's geoscience consulting teams, they will use Insight Earth to support exploration and production projects worldwide. The teams will leverage Insight Earth to improve structural interpretation speed and accuracy, while accelerating reservoir characterization projects.

Fugro-Jason found that its inversion results, when combined with Insight Earth interpretation tools, provide an optimally productive environment for rapidly defining faulting and structure. After Fugro-Jason inversion improves interpretation accuracy by transforming the interpretation environment from reflectors to impedances and lithologies, applying Insight Earth tools allows quicker, easier, more robust interpretation decisions and workflows.

"We are fully confident that Insight Earth will deliver multiple efficiency and performance upgrades to enhance various workflow functions within Fugro-Jason's consulting base," said Geoffrey Dorn, PhD, CEO and president of TerraSpark. "Geoscientific consulting is a time-sensitive discipline, and requires best-in-class tools and technologies that support continual optimization and efficiency improvements."

Insight Earth Base provides data management, including data input/output, data transfer, workflow definition, workflow and process control, and interactions modes. This enables geoscientists to condition seismic data for subsequent processing, and to optimize volumes for interpretation. Insight Earth Structure allows users to more rapidly and accurately interpret 3D surfaces including faults, horizons, canyons and salt bodies in seismic volumes for prospect definition and reservoir delineation.

Insight Earth is widely recognized throughout the energy exploration and production market for its workflow-accelerated True Volume seismic interpretation process, wherein each step in the interpretation process informs and improves the next step.

About TerraSpark Geosciences

TerraSpark Geosciences (www.terraspark.com), headquartered near Boulder in Westminster, Colorado, leverages its unique blend of upstream industry experience, geoscience expertise and computer science skills to deliver groundbreaking software solutions. The company creates software tools for seismic data interpretation, seismic data processing, directional well-path planning and 3-D visualization. Its leadership in industry consortia and interpretation technology and history of successful patents distinguish them in this highly technical field.

About Fugro-Jason

Fugro-Jason (www.fugro-jason.com) delivers innovative software products and services to help clients identify and produce hydrocarbon deposits by integrating information from the various geoscience disciplines. Fugro-Jason software applications make it possible to integrate geological, geophysical, geostatistical, petrophysical and rock physics information into a single consistent model of the earth. Applying Fugro-Jason's technology through its software or consulting services substantially improves E&P investment return by adding invaluable reservoir model information that reduces the risks, costs and cycle-times associated with exploration, appraisal and field development and production. Fugro-Jason is an operating company of Fugro NV. Fugro was founded in 1962 and is listed on Euronext NV, Amsterdam, the Netherlands. Fugro has more than 13,500 staff and a permanent presence in more than 50 countries.

© 2011 TerraSpark Geosciences, LLC. All Rights Reserved.

Contact Information