Calgary-based Computer Modelling Group (CMG) has signed a memorandum of understanding (MoU) with Shell International E&P BV for the joint development of reservoir simulation software. The MoU offers CMG the exclusive rights to commercialize software developed under the agreement – giving Shell ‘unlimited’ access to software developed for its internal use.
CMG CEO Ken Dedeluk said, ‘Combining our resources will leverage CMG’s R&D efforts, as Shell will contribute financial assistance and intellectual property, operational experience and in-house technical research. Our mutual goal is to align our simulator technologies and to jointly undertake the development of a new class of large-scale full-physics advanced reservoir simulators by combining the latest computing technology with our expertise in reservoir simulation.’
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