Paradigm announced that Mexico seismic services company, COMESA, has incorporated the full Paradigm software suite for seismic processing and imaging, interpretation and modeling and reservoir characterization, including: GeoDepth, SeisEarthand Geolog. The transaction, part of continued Paradigm growth in Latin America, sets the stage for future collaboration with companies like COMESA that are rapidly expanding their exploration and production operations in the region.
COMESA will incorporate the software into its service offerings for clients in Mexico and its expansion into other Latin America countries, including Bolivia, Colombia and Peru, as well as the South Texas Eagle Ford Shale. To support this, the company has recently broadened its primary focus on ground seismic acquisition for exploration and production to marine seismic and transitional zones. As the first Latin American company with 10,000 electronic multi-component stations, COMESA consistently expands its seismic technology capabilities, implementing an internal system for business intelligence and monitoring to test and select new and efficient technologies.
With seismic processing and imaging solutions like GeoDepth and the 3D seismic interpretation applications SeisEarth and VoxelGeo, COMESA can get a better subsurface understanding related to geological models, risk and uncertainty, and improve cycle time through more effective cross-functional collaboration among asset teams. The agreement also provides licenses for reservoir characterization solutions, including Geolog for advanced petrophysical analysis and Probe, which supports AVO analysis and interpretation.
“Operators in Mexico and Latin America are pressured to make quick, reliable business decisions for new discoveries and to exploit reserves already discovered,” Adan Oviedo, managing director at COMESA said. “Using Paradigm among others software tools and proprietary processes at COMESA, we were able to reduce the time from seismic acquisition to first oil production by 40% (from 15 months to 180 days) for our client Petróleos Mexicanos.”
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