AMSTERDAM, May 11, 2012 /PRNewswire/ -- Paradigm™
(www.pdgm.com) announced today that it has entered into a strategic
access agreement with Divestco, Inc., (TSX-V: DVT), one of
Canada's leading geo-services
companies, to provide Divestco with its seismic processing, imaging
and characterization suite to carry out its seismic data processing
services. Divestco will use the Paradigm solutions as its
primary integration platform to incorporate the company's broader
technology portfolio.
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"Divestco Processing, formerly Geo-X Systems Ltd., built its
reputation of full-range high resolution onshore seismic processing
through its advanced processing algorithms and capacity. We chose
the Paradigm technology for our customers' seismic data analysis
requirements because of its open architecture, high levels of
interactivity, and how it is constantly evolving to exploit the
latest technological developments," said Steve Sinclair-Smith, chief operating
officer of Divestco. "The combination of our proven
algorithms with Paradigm's modern workflow and versatility will
ensure the product quality established over many years remains
while offering an additional range of services for our
customers."
Paradigm's innovative seismic processing and imaging
technologies and methodologies improve seismic signal quality,
positioning and content. The company delivers a robust velocity
analysis solution that can reduce positional uncertainty, improve
the reliability of all information derived from the seismic data,
and connect velocity analysis and transformation with a strong
interpretation, modeling and seismic imaging framework.
"We're delighted that a well-established company like Divestco
has chosen the Paradigm platform to support its service
operations," noted James Lamb,
executive vice president operations at Paradigm. "Its
powerful compute capabilities and wide breadth of geophysical
applications will help Divestco deliver quality seismic images to
its customers and grow its business in Canada and around the world."
Paradigm Echos will be featured at GeoConvention 2012 in
Calgary, booth # 616, and EAGE
2012 in Copenhagen, booth #1550,
together with the rest of the advanced Paradigm 2011 product
suite.
For more information on Paradigm products and services, please
visit www.pdgm.com, or e-mail info@pdgm.com.
About Paradigm™
Paradigm (www.pdgm.com) is the largest multi-national software
company exclusively focused on the delivery of analytical and
information management solutions for the discovery and extraction
of subsurface natural resources. Serving the oil & gas and
mining industries since 1987, Paradigm, with its 700 employees,
operates globally via its 31 client service, technology and
administrative facilities located in 27 countries.
The following are trademarks or registered trademarks of
Paradigm Ltd. or of its subsidiaries (collectively, "Paradigm"):
Paradigm™, Paradigm logo and/or other Paradigm products referenced
herein. All other trademarks are owned by their respective
owners.
About Divestco
Divestco (www.divestco.com) is an exploration services company
that provides a comprehensive and integrated portfolio of data,
software, and services to the oil and gas industry. Divestco's
breadth of data, software and services offers customers the ability
to access and analyze the information required to make business
decisions and to optimize their success in the upstream oil and gas
industry. Divestco is headquartered in Calgary, Alberta, Canada and trades on the TSX
Venture Exchange under the symbol "DVT".
Paradigm Media Contact
Samhita Shah
Tel: +1 713.393.4109
samhita.shah@pdgm.com
SOURCE Paradigm