Paradigm Geophysical introduces new petroleum geology solutions at AAPG meeting
Paradigm, at Booth #4046, will showcase its latest solutions in the area of Petroleum Geology, both from its internal new product developments and from its strategic acquisitions of Flagship Geosciences, Sysdrill and the Geoscene(TM) product line.
Paradigm will demonstrate its new solutions in the areas of:
- Pore Pressure Prediction and Reservoir Characterization, both through demonstration and customer case studies
- Stratigraphic Correlation and the Integration of Logs and Geology with the Geoscene product line
- Multi Attribute Seismic Facies Analysis and Volume Classification, with the latest release of Stratimagic(TM) and SeisFacies(TM)
- Well Planning Solutions, with the addition of the Sysdrill suite of products and services
- Geological Interpretation, with the combinations of Geolog(TM), Geoscene and Geosec(TM)
- Volume Interpretation, with the introduction of Reservoir Navigator(TM) with Voxelgeo(TM)
Larry Lenig, President of Paradigm's North America Operations said, "Paradigm's commitment to meeting the needs of Petroleum Geologists in Well Planning, Reservoir Characterization, Volume Visualization and Geological Interpretation, coupled with our broad product and service offerings, differentiates Paradigm. Our customers know that at Paradigm they will find the customized solutions they seek."
About Paradigm
Paradigm Geophysical provides information solutions to the leaders of the oil and gas industry worldwide. The company delivers technical software solutions and product-driven services to companies involved in the exploration & production of oil and gas and to oilfield service companies. The company employs approximately 500 professionals focused on the needs of the oil and gas industry, with a global network of sales, user support and services, through 20 offices in 16 countries, serving all major oil and gas producing provinces in the world.
For more information, contact John Wearing of Paradigm Geophysical at 713-393-4974 or ir@paradigmgeo.com.
"Paradigm Geophysical(R)" is a registered trademark of Paradigm Geophysical Ltd.
Cautionary statement for the purposes of the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are forward-looking in nature. These statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or comparable terminology, or by discussions of strategy. The Company's business and operations are subject to a variety of risks, and uncertainties and other factors. Consequently, actual results may materially differ from those projected stated by any forward-looking statements. Such risks, uncertainties and other factors that could cause actual results to differ from those projected include, but are not limited to, the following: (1) future capital expenditures by oil and gas companies, (2) fluctuations and absolute levels of international oil prices, (3) the need for increased Company investment to support product and new services introductions, and to successfully integrate acquisitions with the Company operations, (4) the Company's ability to raise needed additional capital, (5) rapid technological changes that could make the Company's products less desirable or obsolete, (6) market acceptance of the Company's products and services, (7) changes in product sales mix, (8) product transitions by the Company and its competitors, (9) the impact of competitive products and pricing, and (10) currency fluctuations. These as well as other risks and uncertainties, are discussed in greater detail in the Company's filings with the Securities and Exchange Commission, including its most recent 20-F filed on June 26, 2000, its 1999 Annual Report and its regular Quarterly Reports. The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.
Source: Paradigm Geophysical