Paradigm Becomes a Sponsor of the 2010 AAPG Imperial Barrel Award Program

GEORGE TOWN, Cayman Islands, Feb. 9 /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 today its Gold Level sponsorship of the 2010 American Association of Petroleum Geologists (AAPG) Imperial Barrel Award Program (IBA). The AAPG IBA program is a highly competitive scholarship program focused on promoting petroleum geoscience training and advancing the careers of geoscience students.

Paradigm will provide participating universities with licenses, support and training for the Paradigm software. This will provide students with the tools they need to complete a technical assessment of field hydrocarbon potential, from seismic interpretation, geological modeling, and petrophysics to reservoir engineering and risk assessment.

"On behalf of the AAPG Imperial Barrel Award Committee and the Association, I would like to formally thank Paradigm for its software contribution to the IBA program this year," said Steven Veal, AAPG IBA Committee Chairman. "We cannot achieve the level of quality of data, activity and organization that is necessary for such a program to succeed without the key support of sponsors like Paradigm."

Section and regional finalists will be selected to compete before a panel of industry experts for receipt of the award. Results for the 2010 IBA program will be announced at the 2010 Annual AAPG Conference & Exhibition, to be held April 11-14 in New Orleans, Louisiana.

"The AAPG IBA program provides an excellent opportunity for students to grow and better understand sciences, technologies and decision processes that drive the global E&P industry," said Jean-Claude Dulac, Paradigm executive vice president, Science and Technology. "Paradigm believes that by directly investing in the advancement of geoscience education today, we are actively participating in the industry solutions of tomorrow."

For more information on Paradigm products and services, please visit www.pdgm.com, or e-mail [email protected].

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.

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SOURCE Paradigm