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January 19, 2010January 19, 2010  0 comments  News
<p>&nbsp;</p> <p style="TEXT-ALIGN: center" align="center"><strong style="mso-bidi-font-weight: normal"><span style="font-size: 11pt; font-family: 'Arial','sans-serif';"><a href="http://www.pdgm.com/newfield-exploration-company-selects-paradigm-geolog/News.aspx"><span style="mso-bidi-font-family: Arial">Newfield Exploration Company Selects Paradigm Geolog</span></a></span></strong></p> <p style="TEXT-ALIGN: center" align="center"><strong></strong></p> <p style="TEXT-ALIGN: center" align="center"><em style="mso-bidi-font-style: normal"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Integrated software suite adopted as corporate standard for well log and petrophysical analysis</span></em></p> <p style="TEXT-ALIGN: center" align="center"><em></em></p> <p><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">(GEORGE TOWN, Cayman Islands: January 19, 2010)</span></strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> Paradigm<sup>TM</sup> (</span><a href="http://www.pdgm.com/"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">www.pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&amp;P) industry, announced today that </span><a href="http://www.newfld.com/index.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Newfield Exploration Company</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> (NYSE:NFX) has selected </span><a href="http://www.pdgm.com/products/geolog.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Paradigm<sup>TM</sup> Geolog&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> as its chief application for well log and petrophysical analysis. The suite will provide Newfield with advanced petrophysical analysis tools, high-end presentation graphics, and flexible modularity combined with an easy-to-use environment.<span style="mso-spacerun: yes">&nbsp; </span></span></p> <p>&nbsp;</p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">"We selected Geolog because it allows us to enhance our reservoir description capabilities within a single software environment, eliminating the time delays often associated with data conversion and transfer," said Dick Merkel, senior petrophysicist at Newfield. "The ability to share one petrophysical product between office locations provides considerable advantages in both time and cost."</span></p> <p>&nbsp;</p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">The Geolog suite's extensive application integration improves process time and data integrity preservation by allowing users to seamlessly migrate datasets across tasks. The suite is designed to handle entire workflows in one integrated environment and enables users to ensure that all available data is analyzed.</span></p> <p>&nbsp;</p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">"Our goal is to provide our clients with a clear competitive advantage through the successful application of efficient, sophisticated technology," said Serge Sauvagnac, Paradigm vice president, USA. "We believe that the integration of Geolog into their company workflows will provide Newfield with faster and more detailed reservoir analysis. Paradigm looks forward to working with Newfield and supporting its long term E&amp;P goals."</span></p> <p>&nbsp;</p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">For more information on Paradigm </span><a href="http://www.pdgm.com/products/default.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">products</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> and </span><a href="http://www.pdgm.com/services/default.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">services</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, please visit </span><a href="http://www.pdgm.com/"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">www.pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, or e-mail </span><a href="mailto:info@pdgm.com"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">info@pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">. </span></p> <p style="TEXT-ALIGN: justify"><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">About Paradigm</span></strong><sup><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"><sup>TM</sup></span></sup></p> <p style="TEXT-ALIGN: justify"><sup></sup></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Paradigm Ltd. (</span><a href="http://www.pdgm.com/"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">www.pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">) is an industry leader in digital subsurface asset management, serving oil and gas companies worldwide. Paradigm technology <span style="mso-bidi-font-weight: bold">solutions for seismic processing and imaging, interpretation and modeling, reservoir characterization and petrophysics, and well planning and drilling operate in an open environment to accelerate results</span>. Paradigm has a global network of sales, consulting and support. </span></p> <p>&nbsp;</p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">The following are trademarks or registered trademarks of Paradigm Ltd. or of its affiliates (collectively, "Paradigm"): Paradigm<sup><sup>TM</sup></sup>, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners. Please read the Paradigm notice on </span><a href="http://www.pdgm.com/legal/default.aspx#Forward-Looking-Statements"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">forward-looking statements</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">.<span style="mso-spacerun: yes">&nbsp; </span></span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"></span></p> <p><strong style="mso-bidi-font-weight: normal"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">About Newfield Exploration Company</span></strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"><br />Newfield Exploration Company (NYSE:NFX) is an independent crude oil and natural gas exploration and production company headquartered in Houston, Texas. The company's domestic areas of operations include the Mid-Continent, the Rocky Mountains, onshore Texas and the Gulf of Mexico. Its international areas of operation include offshore Malaysia and China.</span></p>

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samhitashah
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