Object Reservoir & Newfield Exploration Sign Services Deal

Object Reservoir Inc. has signed a deal to provide Dynamic Reservoir Characterization services to Newfield Exploration. The deal covers select fields in Newfield's deep shelf development program.

Object Reservoir will perform its DRC process to generate highly precise and predictive reservoir models on two fields located offshore Louisiana in the Gulf of Mexico.

"Object Reservoir's process helps us to better understand subtle reservoir characteristics and should allow us to make quicker decisions regarding the future development of these fields," said Tommy Atkins, Newfield Exploration General Manager, Gulf of Mexico.

"Object Reservoir is pleased to be assisting Newfield in developing their new fields in the Gulf of Mexico," said Gene Ennis, CEO and President of Object Reservoir.