AGM To Provide BP With High-End Geological Tools

Houston, TX - AGM, Inc. announced the signing of a Corporate Enterprise Agreement with BP p.l.c. for AGM's high-end 3D Geological Interpretation and Visualization technology and related services. The Agreement provides for deployment of AGM's flagship product, Recon, throughout BP world-wide. The multi-year contract also provides customized, enhanced training, delivered by AGM, to ensure the successful uptake and full utilization of the technology. Training will be conducted at AGM's Training Facilities in Houston and London.

"Recon is the most advanced, 3D Geological Interpretation software on the market. It transforms massive well and seismic data sets and other related data into coherent, interpretable 3D images of hydrocarbon reservoirs in real time" said Robin Dommisse, CEO of AGM. "The technology's unique speed and built-in workflow automation capabilities enable users, from Geoscientists to Business Managers, to make better informed decisions about exploration and production activities, in hours and days instead of weeks and months."

Commenting on the announcement, Tron Isaksen, President of AGM, said, "We believe Recon significantly improves our customers' productivity, decision making and opportunity generation, resulting in rapid, quality prospect generation and shorter development cycle times."

SOURCE: AGM Inc.