Paradigm(TM) Releases Next-Generation Subsurface Imaging Solution

BEIJING, March 12 /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 at its regional headquarters in Beijing that its new high-resolution subsurface imaging solution is available for worldwide customer licensing, as well as use by Paradigm's Strategic Consulting group. Designed to improve the quality of information obtained from seismic data processing, the Common Reflection Angle Migration (CRAM) represents a new approach to imaging the subsurface for increasing the success of locating economically viable hydrocarbons.

"We are excited that Paradigm has chosen China as the location to launch this innovative and advanced migration technology," said Jorge Machnizh, Paradigm's president and chief operating officer. "CRAM uniquely addresses the demands of the global market and specifically serves the needs of China's growing E&P industry."

CRAM represents a significant advance in E&P seismic imaging technology. Based on a new procedure that maps recorded seismic surface data to subsurface image points, the software is specifically designed to help resolve difficult subsurface illumination problems and to facilitate and qualify the extraction of direct hydrocarbon indicators from seismic data. The application maintains flexibility of traditional ray-based solutions, while inheriting the desirable properties of full-waveform solutions. CRAM offers a new perspective on ray- based imaging that provides solutions to a broad range of E&P imaging objectives, including detailed velocity model determination, target-oriented high-resolution reservoir imaging and quality reservoir property extraction from complex areas.

"The Common Reflection Angle Migration was specifically designed to supplement the current set of imaging tools available to geophysicists who are frequently challenged by matching imaging algorithm and methodology to the exploration objective," said Zvi Koren, chief geophysicist and seismic imaging product manager for Paradigm. "By formulating the imaging in the local angle domain, we are able to secure a different perspective on the subsurface."

"Continued investments in research are needed to improve the value of our seismic images from new and legacy acquisitions," added Duane Dopkin, Paradigm's senior vice president of technology. "The Common Reflection Angle Migration provides our China oil field customers a strategic imaging alternative to meet their exploration and development objectives."

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

About Paradigm(TM)

Paradigm Technology (Beijing) Co., Ltd. (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.

    Paradigm Media Contact:
    Emily Fuleihan
    Koroberi, Inc.
    Tel: +1 919.945.0552
    emily@koroberi.com