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Maersk Oil Selects Paradigm(TM) Geolog(R) Software as Corporate Standard for Petrophysical Analysis

ANAHEIM, Calif., Nov. 13 /PRNewswire/ -- Paradigm(TM) (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced today that Paradigm Geolog(R), its industry-leading well log and petrophysical analysis software, has been selected by Danish company Maersk Oil, a leading international E&P company, as its corporate standard for petrophysical analysis. Following an extensive competitive evaluation period, Maersk Oil chose to invest in Paradigm Geolog licenses for its worldwide exploration and production teams.

ANAHEIM, Calif., Nov. 13 /PRNewswire/ — Paradigm(TM) (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced today that Paradigm Geolog(R), its industry-leading well log and petrophysical analysis software, has been selected by Danish company Maersk Oil, a leading international E&P company, as its corporate standard for petrophysical analysis. Following an extensive competitive evaluation period, Maersk Oil chose to invest in Paradigm Geolog licenses for its worldwide exploration and production teams.

Paradigm Geolog's petrophysical applications package offers enhanced automation efficiency and interactivity for petrophysical analysis, well data management and geological interpretation. The software solutions suite delivers advanced technology, superior presentation graphics, modularity and ease of use. Paradigm Geolog provides a clear, unconflicted vision of the petrophysical properties of the reservoir and allows interpretation teams to quickly collaborate on key issues.

"We are delighted that Maersk Oil has chosen Paradigm Geolog as its corporate standard," said Jorge Machnizh, chief operating officer for Paradigm. "Geolog's development philosophy is about delivering enhancements in response to our customers' needs, and we look forward to working with the Maersk Oil exploration teams to integrate Geolog into their workflows."

"Our R&D group works hard to continually develop superior processing techniques that facilitate vendor-independent processing of advanced logging tools," said Wol Chaffe, director of petrophysics for Paradigm. "Geolog's intuitive graphical interface provides high quality displays in both PC and Linux environments, making it the product of choice worldwide."

For more information on Paradigm Geolog and other Paradigm products and services, contact your regional office directly (find information at www.pdgm.com), or e-mail info@pdgm.com.

For media inquiries, contact Katie Hendrick by phone at +1 919.945.0569, or e-mail katie@koroberi.com.

About Paradigm(TM)

Paradigm Geophysical Corp. (www.pdgm.com), the industry leader in digital subsurface asset management, helps global oil and gas companies locate new reserves and optimize production in complex geological areas. Paradigm's technology advances the science of hydrocarbon detection with solutions in seismic data processing and subsurface imaging, prospect interpretation and modeling, reservoir characterization, and well planning and drilling. These exploration and production solutions operate in an open environment with connectivity to third-party data stores to accelerate project creation and turnaround. Paradigm has a global network of sales, services and user support, serving major oil and gas producing regions around the world. For additional information visit Paradigm's website at www.pdgm.com.

The following are trademarks or registered trademarks of Paradigm B.V. or of its affiliates (collectively, "Paradigm"): Paradigm(TM), Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners.

Forward-Looking Statements

Some of the statements in this press release may constitute "forward- looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of our control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Because actual results could differ materially from our intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this press release with caution. Paradigm does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Paradigm

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