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Vol. 224 No. 3 |
Petris Technology, Inc., and the IPEDEX group have joined forces to provide integrated services solutions through the Internet. PETRIS will provide its technology for data and information management, and IPEDEX will bring its strong service track record, for the two companies to offer global Web-based solutions, such as collaborative project data rooms and neutral data/information management platforms accessible through simple browsers to a variety of users in the Europe-Africa-Middle East-Asia region. The joint solutions will help customers reduce costs and cycle times through better collaboration on projects of all types. IPEDEX offers a wide range of services during CAPEX and OPEX phases to the upstream and downstream sectors. IPEDEX services include geoscience consultancy, EPCC supervision, Global O&M, maintenance and inspection, procurement, human resources (assessment, recruitment, training), HSE and Quality management.
OMV, the European oil and gas group, has acquired a 45% share in Forest Oil Germany GmbH’s exploration rights in Bavaria. The licensed areas, Southern Bavaria and Oberallgäu in the foothills of the Alps, covers a total area of about 1,500 sq mi. Over the next three years, OMV will lead exploration in the region for natural gas, whose presence has been indicated by initial studies, leveraging its experience from its successful exploration activities in Austria. The Bavarian Ministry of Economic Affairs, Transport and Technology has already approved the acquisition and OMV's operatorship. If initial studies confirm the expected attractiveness of the area, 3D seismic investigations will be carried out and exploration wells drilled. OMV anticipates expenditure of about EUR 2 million in the first year of exploration. The new acquisition was motivated by advances in seismic technology that allow previously unknown structures to be interpreted. In addition, new geological concepts offer a better understanding of the complex Eastern Alps – Molasse basin transition zone. Compared with the Vienna basin, the foothills of the Bavarian Alps are relatively unexplored in terms of application of modern technology.
Houston-based Precision Well Logging, Inc., is celebrating its 50th anniversary. Founded in 1953, the company’s focus is the Gulf Coast and offshore. Its computerized real-time logging system is the product of four generations of computerized logging system development.
Rock Solid Images agreed with Earth Decision Sciences to acquire licensed gOcad technology to be used for building advanced seismic reservoir characterization tools and reservoir models.
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