Business news for the week of 20 June 2008

Past news briefs

Paradigm announces new contract with Hess
13 June 2008Paradigm announced that Hess Corporation has signed a multiyear contract for Paradigm software, training, and onsite consulting services for its E&P operations worldwide.

Under the new contract, Paradigm will provide a comprehensive suite of geophysical and petrophysical applications for workflows, ranging from seismic data processing, imaging, and petrophysical analysis to standard and advanced geophysical subsurface data interpretation and formation evaluation. The agreement will allow further growth and technology adoption throughout the term of the relationship, and Hess will have the opportunity to incorporate new Paradigm technology as it is developed.

BOS DP takes off
16 June 2008BOS data processing (DP) has been awarded a contract by the Norwegian Petroleum Directorate (NPD) for the processing and imaging of the announced 14 000 km data. The processing will take place onboard, while the curved-ray Pre-STM and final/residual velocity analysis will take place at a BOS DP office in Norway.