Schlumberger Snaps Up IGEOSS
Schlumberger has acquired IGEOSS, a developer of cutting-edge structural geology software. The IGEOSS applications and expertise will be integrated with existing Schlumberger software to advance customers' modeling capabilities, particularly in areas with complex geology.
"Recognizing that our clients are exploring and developing in increasingly complicated geologic settings, the IGEOSS software will -- in combination with the industry-leading Petrel and PetroMod technologies -- enable geoscientists to gain the best possible understanding of the complete petroleum system throughout their exploration, development and production workflows," said Tony Bowman, president, Schlumberger Information Solutions (SIS).
Laurent Maerten, co-founder and president, IGEOSS, added, "Geomechanics and structural restoration have traditionally been in the hands of the specialist. By incorporating these technologies into the SIS offerings, a broader community of geoscientists will have access to these capabilities to help them solve the difficult challenges they're encountering today."
This acquisition continues the SIS strategy to invest in core technologies to enhance modeling of challenging environments. The IGEOSS capabilities will be embedded in the Petrel software to help geoscientists better understand fractured reservoirs and the impact of stress regimes over time, particularly in sub-salt, compressional and shale gas plays.
Founded in 2004, IGEOSS is an international provider of geomechanical solutions for subsurface modeling, 2D and 3D structural restoration and fracture characterization of complex geologic structures. IGEOSS is headquartered in Montpellier, France.
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