INDUSTRY

Paradigm, the premier provider of advanced petroleum geoscience and engineering technology to the oil and gas exploration and production industry, will be present on the HP booth at the 2004 SPE Annual Technical Conference and Exhibition, held in Houston, Texas. Paradigm staff will be presenting a number of the company's leading solutions for reservoir simulation, production testing, drilling and casing design and geosteering. The presentations focus on the needs of the petroleum and the drilling engineer. Paradigm also offers a comprehensive suite of geoscience solutions for the exploration, appraisal and exploitation of hydrocarbon assets, as well as Integrated Services through 21 service centers around the globe. The products to be presented include: - The Interpret Well Test Analysis software and WBpvt Fluid Characterization program. - The Sysdrill suite of products for well planning, borehole and casing design, and associated utilities, providing an integrated suite of software for the most demanding directional drilling projects. - Paradigm's new Geosteering offering, integrating a direct WITSML link to MWD and LWD using the OpsLink solution. - The TH Hill DS-1 standard, which has been integrated as a module within the Sysdrill suite. TH Hill's newly released DS-1 Third Edition Standard for Drill Stem Design and Operation is a major innovation that revolutionizes drillstring design by allowing the quantitative comparison of drillstring fatigue for different well designs. - The FlowView 3D visualization tool, which analyzes the results of reservoir simulation in full precision, and over the whole time span on the simulation exercise. Philip Neri, Paradigm's Vice President of Technology, said "Our presence at the SPE in partnership with HP demonstrates the close association our companies enjoy in offering our customers the best in cost-effective, high-performance computing and next-generation software solutions. This powerful combination contributes to our customers' success in their drilling and petroleum engineering activities. We will be showing some truly innovative technologies that will help our clients to reduce risk, optimize the planning of their drilling, engineering and production activities, and achieve improved productivity for all these activities." Customers are invited to visit the HP booth (#2056) throughout the show, which runs from September 26 through 28. Paradigm provides information solutions to the leaders of the oil and gas industry worldwide. The company has a global network of sales, services and user support, with 23 offices in 20 countries, serving all major oil and gas producing provinces in the world. Paradigm's advanced set of Software Solutions and Integrated Services for prospect generation and evaluation supports every stage in the oil and gas E&P process, from Data Processing and Imaging; through advanced Visualization, Interpretation and Earth Modeling; to Reservoir Characterization and Petrophysics; up to Petroleum Engineering, Well Planning and Drilling. These solutions are supported by the epos Data Management and Interoperability integration framework.