Fugro-Jason Grants PowerLog Licenses to Inha University’s Engineering Program

  Fugro-Jason Grants PowerLog Licenses to Inha University’s Engineering
  Program

 Petrophysics Software to Be Used in Master and Bachelor Degrees Well Logging
                                   Courses

Business Wire

HOUSTON -- December 04, 2012

Fugro-Jason, the leader in reservoir characterization technology for the oil
and gas industry, today announced that it has agreed to provide software to
Inha University (South Korea) in support of their engineering program. The
grant represents USD 500,000 in PowerLog software licenses that will be used
in the Department of Energy Resources Engineering by students studying
graduate- and undergraduate-level Well Logging courses. PowerLog is
Fugro-Jason’s flagship petrophysical software, featuring multi-well analysis,
multi-interpreter collaboration, capillary pressure analysis, facies
identification, multi-mineral analysis and stochastic mineral modeling.

“We are committed to supporting practice-centered education, as exemplified by
Inha University and their new Department of Energy Resources Engineering,”
said Eric Adams, Fugro-Jason Managing Director. “This software grant should
allow the students in the Well Logging program to put what they learn in the
classroom into practice in the laboratory and prepare them for their careers
once they graduate.”

The Inha University Department of Energy Resources Engineering program was
launched in 2010 with funding from the Korean government, Korea National Oil
Corporation (KNOC), Korea Gas Corporation (KOGAS) and Korea Resources
Corporation (KORES). KNOC recommended that the University contact Fugro-Jason
regarding a potential grant of licenses.

Fugro-Jason is a leader in reservoir characterization with its Jason™ and
PowerLog® products, with new capabilities to help solve geoscience problems in
a wide variety of environments. Jason provides critical integration of all
available information into detailed, consistent reservoir models using
powerful geostatistical reservoir characterization; wavelet estimation and
well to seismic ties; and 2D and 3D seismic inversion. Fugro-Jason technology
improves collaboration and reservoir surveillance, enabling asset teams to
focus on maximizing their field’s potential.

“We are grateful for the generous grant from Fugro-Jason that will allow our
students to get hands-on experience with well log analysis and
interpretation,” said Dr. Bohyun Chon, Professor, Department of Energy
Resources Engineering. “Equipping them with the latest petrophysical tools
will help us achieve our goals of improving our national competitiveness and
cultivating effective leaders for tomorrow.”

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 and consulting services substantially improves E&P investment return
by adding invaluable reservoir model information to reduce 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 14,000 staff and a permanent presence in more than 60
countries.

Contact:

Fugro-Jason
Joe Jacquot, Marketing Manager
713-369-6938
jjacquot@fugro-jason.com