Geotrace Acquires Tigress Geosciences


Geotrace has signed a definitive agreement to acquire Tigress Geosciences based in Marlow, England, near London.

A pioneer in subsurface data integration, Tigress has long-standing relationships with industry leading oil and gas companies and is known as a leading provider of subsurface data integration software. Tigress is installed in over 45 countries on six continents and provides the exploration and production professional with a proven, integrated and user-friendly workflow solution. The ability to make fast and accurate decisions, to bring fields into production quickly and within budget, and to realise their full value before depletion is dependant upon the ability to access and exploit all the data available at the time.

"As the market for integrated reservoir interpretation services grows, the Tigress suite of geoscience applications together with the advanced seismic imaging technology Geotrace has developed represents the most integrated solution available to the industry", said Bill Schrom CEO of Geotrace.

"We've used our knowledge of subsurface data integration to become a leading software provider to the oil and gas industry," said David Sullivan, Managing Director of Tigress Geosciences. "We're pleased about this new opportunity which will enable us to provide our clients more services and better accommodate their operational objectives."

Geotrace is part of the Geotrace Technologies group of companies and is a leading provider of proprietary technologies aimed at imaging and integrated solutions used to enhance the optimization of petroleum reservoirs. It serves the worldwide petroleum industry.