Talisman, Tullow Oil Join SEAM Seismic Proj.

The SEG Advanced Modeling (SEAM) Corporation has announced Talisman Energy Inc. and Tullow Oil as new participants to the SEAM Phase II - Land Seismic Challenges project. This research project is an industry led consortium addressing critical land seismic challenges through advanced 3D elastic modeling. Through three separate models, the project addresses high channel count acquisition, near surface issues, and fractured reservoir detection. Talisman Energy Inc. and Tullow Oil join twenty other industry leading companies participating in the three year project.

"Becoming a member of SEAM fits within our strategy of accessing relevant leading edge geophysical research through collaboration. This industry-lead consortium is studying the geophysical response to realistic geological subsurface models on a scale and with a degree of realistic complexity which we, like many other participants could not construct independently. The subsurface challenges SEAM seeks to address are readily identifiable across our portfolio, so ultimately, the lessons from the simulations resulting from the response of these models will be leveraged across our business," stated John Doherty, Principal Geophysicist with Tullow Oil.

SEAM Phase II commenced in early 2011. Participating companies commit to provide both funding and technical expertise over the project's three year duration. Project focus was determined after discussions with industry. The resultant models and simulated geophysical datasets will be most relevant to seismic data acquisition, processing, imaging and inversion challenges in desert regions, in unconventional shale plays and in foothills exploration.

"SEG SEAM Corp. welcomes Tullow Oil and Talisman Energy to the Phase II project. Although this phase is well underway, the addition of these two companies to the current 20 member team will help immensely in the modeling and data processing challenges posed. This is the strength of SEAM; bringing together a diverse group of companies to address common challenges. We look forward to their participation and welcome any other companies to consider joining this important project," said Walt Lynn, Chairman, SEAM Board of Directors.

To learn more about the goals of the SEAM Phase II Project and how to become involved, visit www.seg.org/seam.