Fugro-Jason acquires VoluMetrix
Jason Geosystems, part of Fugro's Geoscience division, successfully concluded the purchase of the assets of VoluMetrix, a developer of advanced reservoir modeling software.
VoluMetrix is a leading-edge specialist in the Oil & Gas software market, based in the UK. The company employs five staff and generates turnover of approximately EUR 600.000 per annum. The company will be an integrated part of Jason. All current key employees have agreed to continue their employment.
The main asset acquired is the FastTracker software system. The software allows its users to build and maintain reservoir models with superior efficiency, due to its unique "UpdateAbility" concept. The combination of VoluMetrix' reservoir modeling software and Jason's 3DiQ™ Reservoir Characterization software meets the requirements of the Geoscientists of today and the future, delivering accurate and reliable reservoir models that are paramount to increasing Oil & Gas companies' returns on their Exploration and Production assets.