Schlumberger Acquires IGEOSS
Thursday, Apr 08, 2010
Schlumberger announced today the acquisition of IGEOSS, a developer of cutting-edge structural geology software. The IGEOSS applications and expertise will be integrated with existing Schlumberger software to advance customers’ modeling capabilities, particularly in areas with complex geology.
“Recognizing that our clients are exploring and developing in increasingly complicated geologic settings, the IGEOSS software will—in combination with the industry-leading Petrel* and PetroMod* technologies—enable geoscientists to gain the best possible understanding of the complete petroleum system throughout their exploration, development and production workflows,” said Tony Bowman, president, Schlumberger Information Solutions (SIS).
Laurent Maerten, co-founder and president, IGEOSS, added, “Geomechanics and structural restoration have traditionally been in the hands of the specialist. By incorporating these technologies into the SIS offerings, a broader community of geoscientists will have access to these capabilities to help them solve the difficult challenges they’re encountering today.”
This acquisition continues the SIS strategy to invest in core technologies to enhance modeling of challenging environments. The IGEOSS capabilities will be embedded in the Petrel software to help geoscientists better understand fractured reservoirs and the impact of stress regimes over time, particularly in sub-salt, compressional and shale gas plays.
Founded in 2004, IGEOSS is an international provider of geomechanical solutions for subsurface modeling, 2D and 3D structural restoration and fracture characterization of complex geologic structures. IGEOSS is headquartered in Montpellier, France.
Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 77,000 people representing over 140 nationalities and working in approximately 80 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production.
Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $22.7 billion in 2009. For more information, visit www.slb.com.