Halliburton has acquired The Permedia Research Group, industry leading suppliers of petroleum systems modeling software and services. Permedia's tools and expertise enable oil and gas companies to better assess exploration risk and manage the cost of developing deepwater, sub-salt and unconventional resource plays. Permedia will become an integral part of the Landmark Software and Services business line.
"The Permedia acquisition builds on our strategy to deliver integrated and differentiated basin-to-reservoir scale solutions and will provide
Founded in 1998 in Ottawa, Canada, Permedia is the leading provider of petroleum systems analysis software, with emphasis on fast, high-resolution simulation of petroleum fluid flow within basin scale models and their relationships with reservoir fluid compositions, trap timing, trap filling and hydrocarbon type.
Permedia has developed the industry-leading MPath(TM) petroleum systems analysis software that includes petroleum basin modeling, petroleum migration, reservoir fluid mixing, reservoir filling and production simulators in a single easy-to-use package that includes visualization and post-processing capabilities.
"This is an exciting opportunity for our customers and my research team," said Dan Carruthers, president of Permedia Research Group. "As
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