Chevron to deploy Paradigm software across E&P systems

Offshore staff

AMSTERDAM -- Paradigm has signed an agreement with Chevron to integrate the company's interpretation and modeling software solutions with Chevron's proprietary E&P systems.

The multi-year, multimillion-dollar agreement includes the deployment of Paradigm's interpretation and reservoir modeling technologies and associated services. Paradigm will partner with Chevron Energy Technology Co. (ETC) to implement the solution worldwide.

"Paradigm's technology will be one of the key technologies deployed globally throughout our E&P organization and their framework will be integrated with our proprietary technology," says Peter Breunig, CIO of Chevron.

Chevron has also reached a multi-year agreement with Paradigm to extend its long-standing use of Paradigm's Geolog software.

12/03/2007