Seismic Micro-Technology has opened a European subsidiary SMT Europe based in Croydon, UK to serve clients in the EAME region. SMT claims clients in 22 countries in the EAME region.
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Magic Earth’s Houston-based visionarium now sports a 48 processor SGI system with 100 GB of memory. At the AAPG, Bill Matthews explained that the hardware is used to present prospects to potential investors – “for Wall Street, Magic Earth has become a capital attracting tool”.
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Open Spirit Corp. has named Dan Piette as CEO. Piette was previously with Input/Output, Inc.
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Dallas-based independent geologist Pat Gratton has been voted president-elect by the membership of the American Association of Petroleum Geologists. Gratton will serve as AAPG president in 2004-05.
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A2D Technologies has appointed Rich Herrmann (previously with Petroleum Place) as VP of data access and integration.
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Houston-based Seitel Inc. has opted not to continue a ‘standstill agreement’ with its lenders following the failure of protracted negotiations. This month an undisclosed buyer has obtained 37.6% of Seitel’s senior, unsecured debt. Seitel has retained Jefferies & Company to act as its financial advisor in connection with a possible restructuring.
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The 2003 Offshore Technology Conference (OTC) reported strong attendance with over 50,000 registered – the highest attendance since 1985. The boost came in part from a rush of interest from service companies hoping for a part of the Iraq reconstruction program.
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TGS-NOPEC CEO Hank Hamilton reported first quarter 2003 results as in line with expectations but warned that “Despite excellent commodity prices, market signals about near term demand for seismic and well log data remain mixed.”
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TGS-NOPEC unit A2D Technologies announced that its eastern Canadian offshore well log collection is now available through its LOG-LINE Plus online database.
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The Petroleum Open Software Corp. (POSC) has re-branded itself as the Petroleum Open Standards Consortium (still POSC!).
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The deliberations of the POSC data storage special interest group are now available in the form of a draft recommended practice. The document is available on posc.org.
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Landmark is to introduce OpenWells next summer—new software for well information management. OpenWells leverages Landmark’s Engineering Data Model (EDM), and integrates with third-party tools and Landmark’s other drilling and well services software. OpenWells includes basic daily operations, cost and AFE reporting, drilling and completion operations and well services.
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