Landmark, a Halliburton business line and provider of software for the upstream oil and gas industry, and French geoscience firm CGG, today announced a geosciences technology collaboration.
The collaboration will allow shared customers to seamlessly access best-in-class interpretation and reservoir characterization technologies and geoscience data from both companies, using the industry’s first exploration and production enterprise class platform; Landmark’s DecisionSpace. A series of unique workflows enabled by the platform will be delivered through connectivity of geoscience applications and data.
As the exploration and production industry remains challenged to do more with less in the current economic climate, increased efficiencies are derived by better work processes and data. The technology collaboration will significantly enhance existing unconventional and 4D workflows by providing full interoperability of combined capabilities, across the complete lifecycle of the reservoir. This will provide immediate potential to save costs and improve outcomes for our joint customers.
Additionally, Landmark and CGG will engage with customers to develop a new class of exploration and production workflows to meet existing and emerging industry challenges. These next generation software suites will support improved prospect generation, well location and path definition, completion design, development planning and reservoir management.
"Landmark has been working with both customers and partners to drive the pace of innovation with our goal of helping customers maximize recovery rates in less time,” said Nagaraj Srinivasan, vice president of Landmark. “We believe that the deep insights CGG brings on the future vision of seismic data, combined with our modern and scalable platform and application suite, will enable our customers to achieve a much richer understanding of reservoir performance to help drive higher oil recovery and cash flows.”
Sophie Zurquiyah, COO, CGG, said: “CGG has a long history of advancing the E&P industry’s understanding of the subsurface and through this technology collaboration can bring a new depth of understanding and increased efficiency to our clients. Integration of our GeoSoftware technology with industry-leading software platforms is core to our strategy and this new collaboration will strengthen our connection with Landmark. Developing the level of integrated geoscience software workflows that are envisioned is founded on Landmark providing CGG with direct access to DecisionSpace. This enables us to work together to develop new technologies, tighter software integration, more efficient workflows and faster access to context-ready data, all of which will better meet the needs of our mutual clients.”