BP to Continue Using Paradigm's Petrophysical Evaluation Tool

BP has renewed its global access agreement with Paradigm to continue use of Paradigm Geolog® and its advanced modules.

Paradigm Geolog® is an industry leading formation evaluation solution. The Geolog product suite provides advanced petrophysical analysis tools, superior presentation graphics, flexible modularity combined with an easy-to-use environment, well data management, and geological interpretation.

"This agreement extends our long-standing relationship with BP, which is well known as an industry leader in the use of technology to optimize exploration with advanced subsurface analysis and modeling workflows," said Jorge Machnizh, Paradigm president and chief operating officer. "We are very pleased that BP has integrated Paradigm Geolog software into their E&P technology strategy to efficiently identify and quantify reserves and position drillable targets."