Gazprom Neft' selects Paradigm software for regional E&P projects

ParadigmTM announced today that JSC Gazprom Neft', one of Russia's largest integrated oil companies, has selected Paradigm software for use in E&P projects in the CIS region. Gazprom Neft' selected multiple Paradigm seismic interpretation and reservoir characterization software solutions after a competitive evaluation period.

The multi-license agreement encompasses the purchase of Paradigm software, training and consulting services. Among the solutions acquired is Paradigm SKUA 2008, making Gazprom Neft' the first commercial user of the next-generation modeling environment in the CIS region. Gazprom Neft' also licensed Paradigm SeisEarth, Paradigm Geolog, Paradigm Stratimagic and Paradigm GOCAD solutions, for seismic visualization and interpretation, reservoir characterization and formation evaluation workflows. The software will be installed in Gazprom Neft's new St. Petersburg Reservoir Centre for Science and Engineering.

"Paradigm offers innovative solutions that will directly impact the success of our regional E&P operations, helping to further the growth of oil and gas exploitation in the region," said Viktor Savelyev, Gazprom Neft' Research Center CEO. "Energy demand in the region and abroad is growing, and advanced subsurface modeling technology, such as Paradigm SKUA, will allow us to meet those demands more efficiently and effectively."

"Russia holds the world's largest natural gas reserves, and is the world's second largest oil producer, so we are pleased that Gazprom Neft' has chosen Paradigm to help realize its E&P goals in the region," said John W. Gibson, Jr., Paradigm President & Chief Executive Officer. "We look forward to an ongoing relationship with Gazprom