Newfield Exploration Company Selects Paradigm Geolog

Integrated software suite adopted as corporate standard for well log and petrophysical analysis

George Town, Cayman Islands - Paradigm™ (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced recently that Newfield Exploration Company (NYSE:NFX) has selected Paradigm™ Geolog® as its chief application for well log and petrophysical analysis. The suite will provide Newfield with advanced petrophysical analysis tools, high-end presentation graphics, and flexible modularity combined with an easy-to-use environment.

"We selected Geolog because it allows us to enhance our reservoir description capabilities within a single software environment, eliminating the time delays often associated with data conversion and transfer," said Dick Merkel, senior petrophysicist at Newfield. "The ability to share one petrophysical product between office locations provides considerable advantages in both time and cost."

The Geolog suite's extensive application integration improves process time and data integrity preservation by allowing users to seamlessly migrate datasets across tasks. The suite is designed to handle entire workflows in one integrated environment and enables users to ensure that all available data is analyzed.

"Our goal is to provide our clients with a clear competitive advantage through the successful application of efficient, sophisticated technology," said Serge Sauvagnac, Paradigm vice president, USA. "We believe that the integration of Geolog into their company workflows will provide Newfield with faster and more detailed reservoir analysis. Paradigm looks forward to working with Newfield and supporting its long term E&P goals."[attribute quote to someone]

For more information on Paradigm products and services, please visit www.pdgm.com, or e-mail info@pdgm.com.

SOURCE: Paradigm