Halliburton acquires The Permedia Research Group

Halliburton has acquired The Permedia Research Group, a supplier of petroleum systems modeling software and services.

Offshore staff

HOUSTON-- Halliburton has acquired The Permedia Research Group, a supplier of petroleum systems modeling software and services. Permedia's tools enable oil and gas companies to better assess exploration risk and to manage the cost of developing deepwater, subsalt, and unconventional resource plays, says Halliburton. Permedia will become a part of the Landmark Software and Services.

“The Permedia acquisition builds on our strategy to deliver integrated and differentiated basin-to-reservoir scale solutions and will provide our customers with a better understanding of hydrocarbon generation, migration, and trapping mechanisms,” says Gene Minnich, VP, Landmark Software and Services. “Combined with Halliburton's leadership in deepwater exploration and unconventional resource plays, Permedia's tools and expertise will enable customers to dramatically improve their understanding of hydrocarbon potential and ultimately enhance their exploration and production success.”

09/23/2010

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