Paradigm Inks Deal with Chevron

Paradigm, a leading provider of enterprise software solutions to the oil and natural gas exploration and production industry, and Chevron Corp. announced that a major agreement has been reached for the global deployment of the Paradigm Interpretation and Modeling software solutions to integrate with Chevron's proprietary E&P systems.

The multi-year, multi-million-dollar agreement encompasses the deployment of Paradigm's next generation interpretation and reservoir modeling technologies and associated services. Paradigm will partner with Chevron Energy Technology Company to implement the solution worldwide as well as to provide further technology development to support Chevron's specific E&P goals.

Chevron has also reached a multi-year agreement with Paradigm to extend its long-standing use of Paradigm's Geolog software, the industry reference for petrophysical data interpretation and analysis.