December 18, 2017 11:00 AM 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; well schematics and production logging tools to assist with post-production formatio...

Two Memorial Plaza

820 Gessner

Suite 400

Houston, TX 77024

United States

850 Employees

Phone:

713-393-4800

Fax:

713-393-4801

Key Executives for Paradigm Ltd.

Chief Executive Officer, President and Director
Age: 53
Founder & Non-Executive Chairman
Age: 60
Chief Financial Officer
Managing Director of Latin America
Executive Vice President of Geoscience
Compensation as of Fiscal Year 2017.

Paradigm Ltd. Key Developments

Paradigm Launches a New, Cloud-Based Production Management Solution, Paradigm k

Paradigm unveiled Paradigm k, its new Production Management solution, in the company’s booth #3163, at the 2017 Society of Petroleum Engineers Annual Technical Conference and Exhibition in San Antonio. Paradigm k is a Cloud-based, collaborative workflow for production and reservoir engineers to support field operations in maintenance and management of the well system. Paradigm k applies fast and rigorous reservoir physics to real-time decision-making using advanced computational mathematics. With advanced tools for surveillance, optimization and collaboration, Paradigm k helps asset teams achieve an elevated level of situational awareness to meet field production targets and eliminate deferment. Paradigm k can predict fluid flow in complex fractured environments, in minutes and without time consuming setup.

Paradigm Announces the Release of Paradigm® 17 Solution Suite

Paradigm announced the release of its Paradigm® 17 solution suite, running on an expanded high-definition platform. This release aims at ensuring that investments in data acquisition result in added value to drilling, completion and production. Paradigm 17 leverages the science of high definition, along with advanced technology and seamless integration, to improve asset team success. Paradigm 17 will be unveiled at a media event at the AAPG 100th Annual Convention and Exhibition. Designed to deliver enhanced ease of use and workflow integration, Paradigm 17 enables users to: Work within a truly integrated ecosystem, for everything from well log analysis to seismic imaging, seismic interpretation, geologic interpretation and subsurface modeling. Recover, process and visualize all available seismic data for better imaging and reservoir property recovery. Better identify sweet spots through advanced seismic data and well log analysis. Paradigm 17 introduced application and infrastructure enhancements to its SeisEarth® interpretation system, consolidating its core interpretation windows (3D Canvas, BaseMap and Section) into a single application. The result is improved cross-product integration, shorter work time and fewer button clicks. Waveform classification based on the well-established Stratimagic® neural network approach has been integrated into SeisEarth, together with a new Machine Learning-based, rock-type classification plug-in for interpreters. The new rock-type classification uses seismic data and facies logs to predict facies volumes and their probability of occurrence, to improve reservoir characterization in conventional and unconventional plays. This release offers an enhanced multi-2D line framework for processing and imaging, that minimizes manual intervention and maximizes productivity. Full new 2D grid tomography and imaging workflows have also been added. 3D structural model-based tomography has been added to support geologically-constrained velocity models and strengthen integration between Paradigm GeoDepth® and SKUA-GOCAD™, to support the integration of geologic and geophysical models.

Paradigm Signs Multi-Year Access Agreement with Beicip-Franlab

Paradigm announced that it has signed a multi-year access agreement with Beicip-Franlab for a wide spectrum of software solutions, including seismic and geological interpretation, formation evaluation, and subsurface modeling. Beicip-Franlab will propose to its clients the use of the Paradigm software in its worldwide petroleum upstream consulting services, including applications such as SeisEarth ®, Geolog ® and SKUA-GOCAD ™. The integrated solution provides Beicip-Franlab with easy access to advanced geoscience capabilities in an integrated platform, enabling them to meet their customers’ requirements efficiently and cost effectively.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 16, 2017
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