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LANDMARK GRAPHICS AND 4TH WAVE IMAGING RELEASE PROMAX 4D
Innovative 4-D Seismic Processing Technology Improves Time-Lapse Seismic Images
HOUSTON, Texas - Landmark Graphics Corporation, a wholly owned business unit of Halliburton (NYSE: HAL), and 4th Wave Imaging, a recognized leader in time-lapse technology, today announced the release of ProMAX 4D™, a suite of innovative processing technologies that improve 4-D seismic images. As a result, E&P companies can more accurately interpret fluid flow and pressure changes in oil and gas reservoirs. Leveraging proprietary cross-equalization algorithms from 4th Wave Imaging, the two companies co-developed ProMAX 4D, which is built on Landmark's ProMAX®, the industry's most commercially used interactive seismic processing system.
"Landmark's leading-edge 4-D technologies enable our customers to monitor their recovery programs and maximize reservoir productivity," said Andy Lane, president and CEO of Landmark. "The unique 4-D seismic technology provided by ProMAX 4D will greatly improve key reservoir management decisions for our clients."
ProMAX 4D technology equalizes time-lapse 3-D surveys which isolates the seismic response to reservoir changes due to recovery techniques or production. The ability to remove variable recording and processing signatures from successive seismic surveys provides more accurate images of reservoir conditions. ProMAX 4D includes the complete suite of ProMAX seismic processing and quality control tools.
"Application of 4-D seismic technology enables E&P companies to make time-lapse images of reservoir fluid flow, to monitor reservoir performance during production and to locate bypassed oil," said Dr. David Lumley, president and CEO of 4th Wave Imaging. "Leveraging 4-D seismic to improve reservoir management decisions can help optimize recovery and profitability on oil-producing assets."
"Landmark's ProMAX 4D cross-equalization technology has allowed us to clearly see time-lapse anomalies from our CO2 flood program at Weyburn field," said Guoping Li, senior staff geophysicist, EnCana Corporation. "The 4-D processing results provided by 4th Wave Imaging are helping us monitor tertiary recovery and meet production goals."
Based in Laguna Beach, California, 4th Wave Imaging is a new seismic R&D company that offers expert solutions and services for the oil industry in the areas of 4D time-lapse seismic reservoir monitoring and multicomponent shear-wave analysis and interpretation. The company is built upon the industry-wide reputation and skills of its four founders, recognized leaders in 4D seismic analysis, imaging and inversion, with over 50 years of combined oil industry experience and a proven track record of conducting successful 3D and 4D seismic field data studies. The company's web site can be viewed at www.4thwaveimaging.com.
Landmark is the leading supplier of software and services for the E&P industry. The company's software solutions span exploration, production, drilling, business decision analysis and data management. Landmark offers a broad range of consulting services that enables customers to optimize their technical, business and decision processes. Visit the Landmark Web site at www.lgc.com for more information.
Halliburton, founded in 1919, is one of the world's largest providers 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 World Wide Web site can be accessed at www.halliburton.com.
EDITOR'S NOTE: Landmark, the Landmark logo, ProMax and ProMax 4D are trademarks or registered trademarks of Landmark Graphics Corp. All other trademarks, service marks and product or service names are the trademarks or names of their respective owners.
Contact
Beverly Scippa
beverly.scippa@halliburton.com
Halliburton
(p) 713.676.7926
Steve Cole
steve.cole@4thwaveimaging.com
4th Wave Imaging Public Relations
(p) 949.916.9787
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
kbr_supplier_relations@halliburton.com
Supplier Diversity Contact
Erin Petkovich
supplier_diversity@halliburton.com
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