Schlumberger continues its spending spree with the acquisition of IGeoss, a French software boutique provider of structural geology software. IGeoss functionality will be embedded in Schlumberger’s Petrel geosciences flagship. The toolset targets fractured reservoirs and the impact of stress regimes over time, particularly in sub-salt, compressional and shale gas plays. Schlumberger Information Solutions (SIS) president Tony Bowman said, ‘Clients are exploring and developing in increasingly complicated geologic settings. IGeoss, along with Petrel and PetroMod will help geoscientists understand the complete petroleum system throughout their exploration, development and production workflows.’
IGeoss was founded in 2004, to commercialize a structural geology code base that was originally developed at the Stanford Rock Fracture Project. Characterization of fractured reservoirs has come into the limelight recently with the surge of activity in non-conventional reservoirs. More from igeoss.com.
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