Paradigm Announces a Strategic Access Agreement with Divestco

Divestco enhances its seismic processing, imaging and characterization solutions

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May 11, 2012, 09:30 ET

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 [email protected].

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
[email protected]

SOURCE Paradigm