Paradigm to Highlight Technological Breakthroughs Offered in the Paradigm 2011 Release at EAGE

AMSTERDAM, May 11, 2011 /PRNewswire/ -- Paradigm™ (www.pdgm.com) will present its key technological breakthroughs offered in the Paradigm™ 2011 release at the 2011 European Association of Geoscientists and Engineers (EAGE) Annual Conference and Exhibition in Vienna, Austria, May 23 - 26. Conference attendees are invited to the Paradigm booth 1445 for live technical demonstrations featuring its latest innovations included in Paradigm 2011 that impact the industry's ability to locate, develop and exploit hydrocarbons.

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The company will host the Paradigm 2011 Industry Briefing on Wednesday, May 25, at 2:15 PM CEST. The event will highlight how the Paradigm 2011 release will impact customer work process efficiencies centered on performance, usability and ergonomics. Specific computational and workflow benchmarks will be presented to reinforce this focus, many exceeding the game-changing 10X threshold. The benchmarks will span the disciplines of seismic processing and imaging, interpretation modeling, and formation evaluation, and will reinforce Paradigm's commitment to deliver leading-edge technologies on a next-generation data management platform, Paradigm™ Epos®4. Paradigm 2011 operates on 64 bit Windows® 7 as well as Linux Red Hat 5.3 or 6.0 and above.

In addition to the performance and usability advances, EAGE attendees will be able to gain a full appreciation for Paradigm's commitment to advancing the industry's workflows and practices with presentations featuring:

• The application of full azimuth imaging to a shale resource play for the determination of stress orientations and intensity
• The inclusion of pre-stack data to "redefine" the seismic interpretation process
• The use of true 3D paleo-flattening techniques to validate interpretation data and qualify prospects
• The introduction of game-changing voxel-visualization technology and new multi-attribute visualization and analysis methods to improve stratigraphic feature identification
• The integration of geophysics, geology, and production data
• The use of geologically-constrained history matching to increase confidence in production estimates
• The reconciliation of technical excellence and a modern business decision software design with Paradigm™ Geolog® 7, the next-generation solution for formation evaluation

"Previews of Paradigm 2011 have exceeded our customers' expectations regarding the potential impact this technology can have on their oil and gas assets," said Duane Dopkin, executive vice president of Technology for Paradigm. "We are particularly pleased to use the EAGE venue and its focus on unconventional resources to demonstrate the power of this release for these technology plays."

EAGE attendees can view 20-minute live software demonstrations presented by technical specialists each day starting at 9:15 AM CEST. One-on-one demonstrations by technical experts featuring the company's latest technology offerings and its potential applications are available upon request. Advanced registration is required for extended Lunch & Learn presentations featuring Paradigm's latest innovations. Paradigm's daily technical program also includes a special case-study presentation "Capturing structural complexity of passive margin tectonics in 3D reservoir models," by ADDAX Petroleum.

To reserve your seat at the Paradigm 2011 Industry Briefing, or for any media inquiry, please email [email protected]. For more information on Paradigm products and services, please visit www.pdgm.com, or e-mail [email protected].

About Paradigm™

Paradigm (www.pdgm.com) is the largest multi-national software company exclusively focused on the delivery of analytical and information management solutions for the discovery and extraction of subsurface natural resources. Serving the oil & gas and mining industries since 1987, Paradigm, with its 700 employees, operates globally via its 31 client service, technology and administrative facilities located in 27 countries.

The following are trademarks or registered trademarks of Paradigm Ltd. or of its subsidiaries (collectively, "Paradigm"): Paradigm™, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners.

Paradigm Media Contact
Samhita Shah
Tel: +1 713.393.4109
[email protected]

SOURCE Paradigm