May 31, 2016 6:07 PM ET

Software

Company Overview of Paradigm Ltd.

Company Overview

Paradigm Ltd. develops software-enabled solutions for the global oil and gas industry. The company offers seismic processing and imaging, interpretation and modeling, reservoir characterization, reservoir engineering, and data management and interoperability solutions, as well as well planning, drilling engineering, and geo-steering solutions. Its solutions help natural resources companies in assisting their exploration and production decisions by providing deeper insight into the subsurface. The company also offers formation evaluation software for the assessment of well integrity to ensure safe operations; and well schematics and production logging tools to assist with post-production form...

Two Memorial Plaza

820 Gessner

Suite 400

Houston, TX 77024

United States

Founded in 1987

850 Employees

Phone:

713-393-4800

Fax:

713-393-4801

Key Executives for Paradigm Ltd.

Chief Executive Officer, President and Director
Age: 51
Founder and Non-Executive Chairman
Age: 58
Chief Financial Officer
Chief Operating Officer
Age: 58
Chief Technology Officer of Interpretation and Modeling
Age: 53
Compensation as of Fiscal Year 2015.

Paradigm Ltd. Key Developments

Paradigm Signs Distribution Agreement with CORE Diagnostics

Paradigm has signed distribution agreement with CORE Diagnostics to facilitate patient access to its cancer profiling service, PCDx, in India. PCDx is a comprehensive clinical-grade NGS-based test that is designed to provide physicians and patients with a more targeted, personalized approach to cancer treatment by identifying the underlying genomic and proteomic alterations of a tumors DNA, RNA & Protein. The test interrogates the most relevant genomic targets at over 5,000x average depth of coverage with 72 therapeutic associations. Results are typically delivered in 4-5 business days.

Paradigm Opens a Seismic Center of Excellence in Mumbai, India

Paradigm announced that it has opened a Seismic Center of Excellence in Mumbai, India. The center, staffed by domain experts, will be dedicated to dealing with the challenges associated with processing, imaging, interpreting, and modeling of multi-line 2D seismic surveys. The Seismic Center of Excellence is part of a comprehensive Geoscience Services business offered by Paradigm for oil and gas exploration and development projects around the world. The Geoscience Services offered include full azimuth seismic imaging and characterization, diffraction imaging, seismic inversion, velocity modeling, structural modeling, facies modeling, fracture modeling, pore pressure prediction, model uncertainty, well log management and other projects that require deeper insights into the subsurface. Although high density 3D seismic data offers orders of magnitude of subsurface insights for both exploration and field development, 2D seismic data is still routinely used for field and basin reconnaissance where operational complexity makes it impractical or too costly to deploy 3D seismic methods. The sparseness of multi-line seismic surveys requires special skills, experience, and software to generate a 3D perspective of the subsurface from spatially-limited data.

Addax Petroleum Chooses Paradigm Technology as its Corporate Tool for Pore Pressure Prediction

Paradigm announced that Addax Petroleum has acquired the Paradigm Pore Pressure Prediction module to complement its Paradigm suite of products, which includes Paradigm SKUA-GOCAD, Geolog® and EarthStudy 360®. The module has been embedded in Geolog as Addax Petroleum's corporate tool for pore pressure prediction. The Geolog log-based pore pressure prediction module provides tools to predict pore and fracture pressure profiles in wells based on logging data. Following data preparation and compaction trend analysis, the Geolog pore pressure prediction module calculates hydrostatic pressure, overburden pressure, pore pressure, and fracture pressure in a single multi-tab program. In order to customize the solution to the customer's needs, Paradigm developers worked closely with Addax Petroleum to expand the module's functionality. A single, full workflow interface was quickly implemented, and more than twenty new features, including additional methods for modeling missing input log data, new compaction trend options, pore pressure evaluation from multiple logs, and fracture pressure calibration, were added. variety of options, such as detailed output reports and isodensity line computation, were also developed.

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