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Anglo-Suisse Selects Magic Earth Technology for Gulf of Mexico Project
HOUSTON, Texas - Magic Earth, a wholly owned subsidiary of Halliburton (NYSE: HAL), announced today that Anglo-Suisse Inc.(ASI), a privately held Houston-based independent oil company, has signed an agreement to utilize Magic Earth's GeoProbe, the industry's leading volume visualization and interpretation software. In its Houston visualization center, Magic Earth will evaluate nearly 500 blocks located on the Gulf of Mexico shelf, held by production (HBP), and 1,800 open-exploration blocks, of ASI's license to Petroleum Geo-Services 3D seismic data. An integrated team of geoscientists and reservoir engineers from Magic Earth, Landmark Graphics, a wholly owned business unit of Halliburton, and ASI will conduct the initial evaluation.
"This agreement with Magic Earth will allow Anglo-Suisse to fully utilize its 3D database in evaluating the nearly 500 HBP blocks for the purpose of acquisition," said John Sherwood, CEO of Anglo-Suisse. "We will be able to quickly and accurately ascertain a field's remaining upside potential in regards to by-passed pay zones, untested reservoirs and deeper exploration potential. We believe this state-of-the-art technology and business relationship model allows companies of our size to be competitive with the larger E&P companies in the Gulf," he added.
"Magic Earth is delighted to assist Anglo-Suisse in evaluating their 3D seismic database and HBP blocks," said Michael Zeitlin, president and CEO of Magic Earth. "Our technology and services team are uniquely positioned to help small independent companies, like Anglo-Suisse, analyze large volumes of data quickly with minimal staff and improved accuracy. We will assist in facilitating Anglo-Suisse's development of further prospects, quicker, while adding vital reserves to our national inventory."
Anglo-Suisse Inc. is an independent energy company specializing in the exploration for and production of oil and natural gas in the United States and abroad. Its principals have experience developing partnerships with private and public entities internationally.
Magic Earth, Inc. specializes in high-performance volume visualization and interpretation solutions including GeoProbe software, consultation services for interpretation projects, training and large-screen immersive visualization centers. For additional information about Magic Earth and GeoProbe, visit the company's Web site at www.magicearth.com.
Landmark is the leading supplier of software and services for the upstream oil and gas
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 enable 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.
Contact
Beverly Scippa
beverly.scippa@halliburton.com
Halliburton Public Relations
(p) 281.988.2562
Pamela Griffin
pgriffin@magicearth.com
Magic Earth
(p) 832.200.4706
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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