SOURCE: Sigma Cubed Inc. (SIGMA3)

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July 08, 2014 10:00 ET

SIGMA3 Announces Dr. Alan J. Cohen as Chief Technology Officer

HOUSTON, TX--(Marketwired - July 08, 2014) - Sigma Cubed Inc. (SIGMA3) announces the appointment of Dr. Alan J. Cohen as Chief Technology Officer (CTO) and Reservoir Characterization Center of Excellence (COE) leader. With an emphasis on unconventional reservoirs, Cohen brings more than 37 years of multi-disciplinary reservoir characterization, interpretation and seismic processing experience to his new role. An oil company veteran with significant accomplishments in the Exploration & Production technology and services segment and an expert in rock physics, he will lead the development strategy for the company's integrated GeoEngineering™ solutions and workflows.

"The ability to predict well performance with a high degree of confidence is critical for successful shale development," says Jorge Machnizh, CEO of SIGMA3. "Three decades in the global upstream E&P technology business give Alan a unique perspective on the multitude of challenges facing oil & gas producers, and he has provided leadership in cutting-edge science and technologies that reduce uncertainly and improve profitability. As an organization founded on this same goal, it is validating to know that someone with Alan's credentials and industry reputation shares our vision to develop and deliver innovative, integrated solutions to help operators optimize cost and maximize production." 

Experienced in global oil & gas exploration, development and production, Cohen will be responsible for the continued evolution and integration of reservoir-centric geoscience and engineering technologies across all lines of business, including geoscience, engineering, microseismic, processing and interpretation, and software. As Reservoir Characterization leader, he will spearhead the consolidation of the company's reservoir geophysics and reservoir characterization technologies, which together contribute to Shale Capacity™ models that help clients pinpoint the sweet spots that will yield maximum IP and EUR. In collaboration with Microseismic and Engineering COE leaders, Cohen and his team will deliver the best science leadership, workflows, technology and expertise to help clients make better decisions. Cohen succeeds the current CTO, Dr. Alan Huffman, who will step down at the end of July and will continue his involvement with SIGMA3 in an advisory capacity.

"Shale reservoirs show heterogeneity on a scale much greater than initially thought, and cover a wide range of geological and reservoir properties," says Cohen. "Integrated geoscience and engineering technology that addresses regional geology, rock properties and the role of natural fractures along the wellbore are keys to targeting sweet spots and better predicting well and reservoir performance. I believe the core values of SIGMA3 intersect with the challenges facing oil & gas producers, and I'm looking forward to working closely with clients to accelerate the development and growth of technologies that solve their problems and add significant value."

During his 28-year tenure with Royal Dutch Shell/Shell Oil, Cohen held multiple leadership roles related to geoscience, petrophysics and operations, including Manager of Reservoir Technologies Services and Chief Geophysicist - Western Hemisphere. Cohen most recently held dual roles as Director of Quantitative Interpretation R&D at ION Innovation and Global Director of Reservoir Services at ION-GX Technology. Prior to joining ION, he was Chief Geophysicist & Vice President of Processing and Interpretation at Rock Solid Images.

Cohen holds a Ph.D. in Chemical Physics from Harvard University and a B.Sc. degree in Chemistry from McGill University. He is a member of SEG, serves on the SEG Development & Production Committee, and has served as an Adjunct Professor, Geology, at the University of Louisiana, Lafayette.

About SIGMA3
Sigma Cubed Inc. (SIGMA3) addresses the demands of the next generation of conventional and unconventional resources producers through the development and delivery of unprecedented GeoEngineering™ integration, resulting in better subsurface reservoir characterization targets and optimal frac and completion strategies. Operators can significantly increase production while reducing costs by fracturing the reservoir where it is most productive, and validating their results using the industry's most reliable microseismic acquisition, event detection and location accuracy algorithms. Through a truly integrated, commercial portfolio of proprietary software, expertise and services, SIGMA3 helps clients target the sweet spots that will yield maximum EUR. For more information visit www.sigmacubed.com.

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