Landmark Graphics Launches Release of a Geostatistics Module for Its Stratamodel Product

Fully Integrated Module Addresses the Needs of Most Asset Team Geoscientists



Apr 17, 2001, 01:00 ET from Landmark Graphics Corporation

    DALLAS, April 17 /PRNewswire/ -- Landmark Graphics Corporation, a wholly
 owned business unit of Halliburton Company (NYSE:   HAL), today announced the
 release of a geostatistics module for Stratamodel(TM) version 1998.6.  This
 fully integrated, optional module of Stratamodel is a result of an October
 2000 agreement between Landmark Graphics and Reservoir Characterization
 Research and Consulting, Inc. (RC)2, a wholly owned subsidiary of Veritas DGC
 Inc. (NYSE:   VTS).
     Stratamodel 1998.6 contains two major enhancements and additions.  First,
 a new datum field in the seismic import feature allows the user to adjust the
 model's datum to be compatible with imported SeisWorks(R) project files.
 Second, geostatistics have been added to the Stratamodel product line through
 the (RC)2 module.  This feature allows the user to perform data analysis,
 create variograms and simulate data into Stratamodel attributes.
     "The cooperative working relationship we established last fall with the
 staff at (RC)2 has clearly produced the benefits for our customers that we
 anticipated," said John Gibson, Landmark's president and CEO.  "As a result of
 this new release, our Stratamodel users are not only able to integrate
 different types of data, but they can also assess risks associated with
 development decisions."
     The product's release to the market in less than six months was the result
 of a very aggressive, intensive development and testing routine.  Industry
 experts in the field of geostatistics provided quality assurance and assisted
 in the deployment of this software.  A usability study was also conducted on
 the software to improve the interface and make it easier for use by
 geoscientists with limited geostatistical background.
     The software is designed to process associated input data and perform
 geostatistical simulations of geological and reservoir properties in
 Stratamodel's three-dimensional geocellular model.  Simulation results can
 then be analyzed in the (RC)2 product to compare the results to the original
 input data. This provides Landmark with the ability to deliver a
 geostatistical module within Stratamodel that addresses the basic
 geostatistical needs of most asset team geoscientists.
 The module will be provided by (RC)2 and marketed by Landmark as an (RC)2
 module.
     "Stratamodel has a long standing reputation in the industry for providing
 leading-edge 3-D modeling capabilities on faulted models," said Bill Bashore,
 vice president, (RC)2 Technology.  "Now, the combination of property modeling
 of the (RC)2 module in Stratamodel brings the best of both worlds together in
 3-D reservoir characterization techniques."
     Landmark Graphics is the leading supplier of integrated E&P technical and
 economic software and services to support decision making in finding, drilling
 and producing oil and gas.  Knowledge-based E&P companies now are turning to
 Landmark for technical-to-business (T2B)(TM) process integration to improve
 returns on their investments.  Visit the Landmark Graphics Web site at
 www.lgc.com.
     Halliburton Company, founded in 1919, is the world's largest provider of
 products and services to the petroleum and energy industries.  The company
 serves its customers with a broad range of products and services through its
 Energy Services Group and Engineering and Construction Group business
 segments.  The company's Web site can be accessed at www.halliburton.com.
     Reservoir Characterization Research and Consulting (RC)2 is a wholly owned
 subsidiary of Veritas DGC Inc., a leading provider of integrated geophysical
 and geological technologies to the petroleum industry worldwide.  (RC)2 is the
 recognized industry leader in the integration of diverse data types,
 especially core, well-log, well production and injection histories, well
 pressure data and seismic-based information.  For more information, visit
 www.veritasdgc.com or www.rc2.com.
     Landmark, the Landmark logo, Stratamodel, SeisWorks and T2B are trademarks
 or registered trademarks of Landmark Graphics Corporation.
 
 

SOURCE Landmark Graphics Corporation
    DALLAS, April 17 /PRNewswire/ -- Landmark Graphics Corporation, a wholly
 owned business unit of Halliburton Company (NYSE:   HAL), today announced the
 release of a geostatistics module for Stratamodel(TM) version 1998.6.  This
 fully integrated, optional module of Stratamodel is a result of an October
 2000 agreement between Landmark Graphics and Reservoir Characterization
 Research and Consulting, Inc. (RC)2, a wholly owned subsidiary of Veritas DGC
 Inc. (NYSE:   VTS).
     Stratamodel 1998.6 contains two major enhancements and additions.  First,
 a new datum field in the seismic import feature allows the user to adjust the
 model's datum to be compatible with imported SeisWorks(R) project files.
 Second, geostatistics have been added to the Stratamodel product line through
 the (RC)2 module.  This feature allows the user to perform data analysis,
 create variograms and simulate data into Stratamodel attributes.
     "The cooperative working relationship we established last fall with the
 staff at (RC)2 has clearly produced the benefits for our customers that we
 anticipated," said John Gibson, Landmark's president and CEO.  "As a result of
 this new release, our Stratamodel users are not only able to integrate
 different types of data, but they can also assess risks associated with
 development decisions."
     The product's release to the market in less than six months was the result
 of a very aggressive, intensive development and testing routine.  Industry
 experts in the field of geostatistics provided quality assurance and assisted
 in the deployment of this software.  A usability study was also conducted on
 the software to improve the interface and make it easier for use by
 geoscientists with limited geostatistical background.
     The software is designed to process associated input data and perform
 geostatistical simulations of geological and reservoir properties in
 Stratamodel's three-dimensional geocellular model.  Simulation results can
 then be analyzed in the (RC)2 product to compare the results to the original
 input data. This provides Landmark with the ability to deliver a
 geostatistical module within Stratamodel that addresses the basic
 geostatistical needs of most asset team geoscientists.
 The module will be provided by (RC)2 and marketed by Landmark as an (RC)2
 module.
     "Stratamodel has a long standing reputation in the industry for providing
 leading-edge 3-D modeling capabilities on faulted models," said Bill Bashore,
 vice president, (RC)2 Technology.  "Now, the combination of property modeling
 of the (RC)2 module in Stratamodel brings the best of both worlds together in
 3-D reservoir characterization techniques."
     Landmark Graphics is the leading supplier of integrated E&P technical and
 economic software and services to support decision making in finding, drilling
 and producing oil and gas.  Knowledge-based E&P companies now are turning to
 Landmark for technical-to-business (T2B)(TM) process integration to improve
 returns on their investments.  Visit the Landmark Graphics Web site at
 www.lgc.com.
     Halliburton Company, founded in 1919, is the world's largest provider of
 products and services to the petroleum and energy industries.  The company
 serves its customers with a broad range of products and services through its
 Energy Services Group and Engineering and Construction Group business
 segments.  The company's Web site can be accessed at www.halliburton.com.
     Reservoir Characterization Research and Consulting (RC)2 is a wholly owned
 subsidiary of Veritas DGC Inc., a leading provider of integrated geophysical
 and geological technologies to the petroleum industry worldwide.  (RC)2 is the
 recognized industry leader in the integration of diverse data types,
 especially core, well-log, well production and injection histories, well
 pressure data and seismic-based information.  For more information, visit
 www.veritasdgc.com or www.rc2.com.
     Landmark, the Landmark logo, Stratamodel, SeisWorks and T2B are trademarks
 or registered trademarks of Landmark Graphics Corporation.
 
 SOURCE  Landmark Graphics Corporation