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Paradigm, a software and consulting provider to the oil and gas industry for rock and fluid interpretation, announced a definitive agreement to acquire Earth Decision, a provider of fully integrated shared-earth modeling for asset teams. Financial terms were not disclosed. Jean-Claude Dulac, founder and chief architect of Earth Decision, will remain as chief architect for Paradigm.
Aberdeen-based well and pipeline service company Qserv has acquired the Weatherford Group’s coiled tubing business. The multi-million-pound deal includes all coiled tubing, flowline and nitrogen-related assets, contracts and business in the North Sea and Europe and also ongoing work in the Ivory Coast, Equatorial Guinea, Mauritania and Yemen.
Schlumberger Information Solutions has acquired the rights to Quorum Business Solutions’ Quorum Volume Management (QVM) software. QVM is a comprehensive, field operations data management application with multiple, proven heavy oil volume management installations in North America and a large-scale brownfield installation in Asia.
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