CPC Corporation, Taiwan Signs Global Access Agreement with Paradigm

Paradigm seismic interpretation technology to aid CPC operations worldwide.

Jan 12, 2010, 09:15 ET from Paradigm Ltd.

GEORGE TOWN, Cayman Islands, Jan. 12 /PRNewswire/ -- Paradigm™ (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced that it has signed a multi-year global access agreement with CPC Corporation, Taiwan. The contract will provide CPC with full access to the Paradigm seismic interpretation suite, including products such as SeisEarth®, VoxelGeo®, Stratimagic®, and Geolog®.

"After conducting a rigorous technical evaluation, we chose Paradigm software for its competitive value," said Bishop Hsu, CPC head of exploration. "At CPC, we place strong emphasis on using the most sophisticated technology to generate the best results. We believe that this investment will prove instrumental as we expand our operations."

The Paradigm seismic interpretation solution equips geoscientists with multi-2D and -3D tools for creating seamless interpretation and analyzing seismic data within a fully functional 3D canvas. Advances within this technology improve interpretation time and assist geoscientists in identifying potential exploration prospects and drilling targets, leading to faster, more productive workflows.

"We are very pleased to provide a next-generation seismic interpretation solution that is well-suited to the unique business needs of CPC," said David Betty, Paradigm executive vice president, Asia Pacific. "We greatly value the spirit of the relationship and the confidence that CPC has placed in Paradigm and look forward to working with them for a long time to come."

For more information on Paradigm products and services, visit www.pdgm.com, or e-mail info@pdgm.com.

About Paradigm

Paradigm Ltd. (www.pdgm.com) is an industry leader in digital subsurface asset management, serving oil and gas companies worldwide. Paradigm technology solutions for seismic processing and imaging, interpretation and modeling, reservoir characterization and petrophysics, and well planning and drilling operate in an open environment to accelerate results. Paradigm has a global network of sales, consulting and support.

The following are trademarks or registered trademarks of Paradigm Ltd. or of its affiliates (collectively, "Paradigm"): Paradigm, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners. Please read the Paradigm notice on forward-looking statements.  

About CPC Corporation, Taiwan

CPC Corporation, Taiwan (CPC) is the premier enterprise in the Republic of China with 14,843 employees and a variety of functional units around the island. As a state-run enterprise, CPC is responsible for the development and supply of petroleum and natural gas, and is the core of Taiwan's petrochemical industry. Following the government's move toward privatization of state-owned enterprises and an open domestic petroleum market, CPC is now making provisions to meet the tough competition ahead.

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SOURCE Paradigm Ltd.