Schlumberger acquires Integrated Exploration Systems

Offshore Staff

HOUSTON -- Schlumberger has acquired Integrated Exploration Systems (IES), the Aachen, Germany-based supplier of petroleum systems modeling software, and services for the E&P industry.

IES specializes in the modeling of the generation, migration, and entrapment of oil and gas using its PetroMod software. The technology is used to estimate undiscovered hydrocarbons in frontier basins and helps oil and gas companies to mitigate risk in exploration prospects, according to Schlumberger.

"The combination of IES expertise with WesternGeco and Schlumberger technology will enable us to provide our customers with fully integrated exploration services," says Dalton Boutte, president of WesternGeco and executive VP of Schlumberger. "IES is highly respected in the industry, and their expertise complements our portfolio of seismic, controlled source electromagnetics, and magnetotellurics technologies, as well as enhancing our multi-client library."

06/09/2008