Todd Energy buys Paradigm’s seismic interpretation solutions

Paradigm® announced that Todd Energy, a leading energy provider in New Zealand, has acquired a comprehensive suite of the company’s seismic interpretation, formation evaluation and reservoir modeling software solutions.

A major factor in Todd Energy’s decision to adopt the Paradigm solution suite is the integration on the Epos® infrastructure. The Epos-based solutions will replace the energy provider’s complex, multi-vendor and multi-domain implementation that had evolved organically over many years. The shared Epos database provides the unified environment that Todd requires in order to facilitate and optimize its workflows. This is expected to significantly improve access to leading-edge technology and provide smoother data transfer between users and domains.

“I was impressed with both the technical superiority of the Paradigm software suite and its interconnectedness,” said Dr. Alex McAlpine, manager for Reservoir Development & Nearfield Exploration at Todd Energy. “I was looking to upgrade, or replace, our legacy collection of software, which was highly advanced and extensive, but somewhat disconnected. Paradigm offered an integrated software solution whose leading-edge capabilities and ease of use stood out amongst several others we evaluated. Paradigm’s technical and commercial people fully delivered on what they promised in terms of price, installation and follow-up support.”

“With the open Paradigm Epos infrastructure, our customers can rely on multi-disciplinary data sharing with a common visual interface,” said Jonathan Ling, Paradigm regional vice president for Asia Pacific. “Energy providers like Todd Energy see real business value for implementing integrated solutions to improve the effectiveness and productivity of their geoscientists. This agreement also marks Paradigm’s continued growth in the New Zealand oil and gas industry – a dynamic region for exploration and development.”

Press Release, April 22, 2014

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