SOURCE: SIGMA3

sigma3

August 26, 2014 10:00 ET

SIGMA3 Announces Mauricio Arboleda as Executive Vice President, Operations

DENVER, CO--(Marketwired - August 26, 2014) - URTeC - Sigma Cubed Inc. (SIGMA3) announces the appointment of Mauricio Arboleda as Executive Vice President of Operations. An exceptional operational strategist with 29 years of experience helping global companies meet and exceed operational excellence and customer expectations, Arboleda will bring his proficiency in evolving and integrating multi-functional services teams in support of the continued success of the SIGMA3 integrated GeoEngineering™ solutions. The announcement was made during the 2nd Annual Unconventional Resources Technology Conference (URTeC).

"First and foremost, SIGMA3 is a services organization with unique proprietary software with a mission to help E&P clients drill the most productive and efficient wells, on time and on budget, while exceeding their production goals," says Jorge Machnizh, CEO of SIGMA3. "This requires seamless integration among the GeoEngineering services and technology teams, and Mauricio is a dynamic leader with an instinctive ability to bring teams together to produce unsurpassed results. He motivates organizations to deliver increases in customer satisfaction and performance, which can be achieved consistently through agility and improved business processes between multi-disciplinary teams. Performance optimization is as important to our service delivery as it is for our E&P clients, and Mauricio's track record speaks for itself."

An expert in multi-functional business optimization, Arboleda joins SIGMA3 from Select Energy Services, Austin GeoModeling, Paradigm Geophysical, Earth Decision Sciences and Schlumberger, among others, where he has spearheaded business and operational transformations that resulted in material performance improvements.

As EVP of Operations, Arboleda will orchestrate the continued integration and operational excellence of the microseismic acquisition, processing and interpretation service lines and software development, and SIGMA3 software technology. He will be responsible for the development and implementation of standard operating procedures and policies to ensure the consistent delivery of a quality services and consulting experience across the company.

"SIGMA3 is different than other service companies in the E&P industry because we enable oil companies to optimize their investments and produce more, by drilling a fewer number of highly productive and efficient wells. My goal is to apply the organizational leadership that will ensure SIGMA3 continues to deliver the best-in-class services, workflows and unbiased expertise to the global E&P community," says Arboleda. "Working with the executive leadership team and global business leaders, I will help develop the key strategies and actions that will enable the company to realize its mission and strategic vision, and my goal is to make a significant positive impact on our client services success."

Prior to his position with Select Energy Services where he led the performance optimization of their transportation division, Arboleda was Chief Operating Officer at Austin GeoModeling where he led the expansion of the company's global footprint. As executive vice president of strategic consulting at Paradigm, he and his team consolidated their worldwide geosciences consulting activities and improved customer satisfaction and business performance. Leading up to the company's acquisition by Paradigm, Arboleda led a four-fold revenue increase as senior vice president of sales and operations at Earth Decision Sciences. As vice president of the InfoSec Division at Schlumberger he managed the global information security offerings and drove triple-digit annual growth rates.

Arboleda holds a Bachelor of Business Administration degree from the Universidad de los Andes, Bogotá, Colombia.

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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