|By PR Newswire||
|December 5, 2012 10:45 AM EST|
AMSTERDAM, Dec. 5, 2012 /PRNewswire/ -- Paradigm™ (www.pdgm.com) announced today that Cougar Drilling Solutions (CDS) (www.cougards.com) has adopted Sysdrill software as its preferred solution for well planning and drilling engineering, supporting its successful entry into the North American directional drilling services market. The company recently used Sysdrill to successfully plan and engineer its initial directional wells in Texas and Oklahoma.
CDS drilled a 5,000 ft. 8 3/4" curve and horizontal section in only 18 days – 27 days less than a previous well, significantly reducing drilling costs. In another well, CDS drilled a 7 7/8" directional section in a single run, accumulating over 200 circulating hours minimizing non-productive time.
"By using Sysdrill to perform detailed up-front engineering analysis we are able to deliver considerable cost savings to our customers," said Andrej Rizen, director of Optimized Well Delivery at Cougar Drilling Solutions. "Our entrance into the North American market has produced successful drilling results based upon the accuracy of the Sysdrill solution and the reliability of our Cougar DS high performance motors. This combination has helped us reduce costs, minimize non-productive time and optimize well placement."
"For some time now, Paradigm has focused on incorporating new well planning functionality aimed at the onshore North America oil and gas market," said Robert Innes, director for Well Planning & Drilling at Paradigm. "We are pleased by the drilling performance that CDS has already achieved from using Sysdrill, and this further validates the accuracy of our modeling capabilities. Paradigm also congratulates CDS on its successful entry into North America."
Paradigm (www.pdgm.com) is the largest software company focused exclusively on the delivery of analytical and information management solutions for the oil and gas industry. Customers rely on Paradigm software to discover and extract hydrocarbon resources and make better business decisions. Paradigm software solutions span critical exploration and production disciplines, from seismic processing and imaging to interpretation and modeling, reservoir characterization, and well planning and drilling. Providing the industry with quality support and productivity tools since 1987, Paradigm operates globally from more than 30 customer service and technology facilities on six continents.
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 Cougar Drilling Solutions
Cougar Drilling Solutions (www.cougards.com) is an international supplier of high performance Vertical, Directional and Horizontal Drilling Services to the oil, gas and geothermal exploration and development industry. The company has been designing and manufacturing downhole drilling tools since 1969.
Paradigm Media Contact
Tel: +1 713.393.4109
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an In...
Oct. 25, 2014 05:00 PM EDT Reads: 1,708
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud...
Oct. 25, 2014 11:45 AM EDT Reads: 1,822
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19...
Oct. 25, 2014 10:00 AM EDT Reads: 1,689
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and manage them efficiently. Our software’s modular architecture allows customers to integrate nearly any application wi...
Oct. 25, 2014 10:00 AM EDT Reads: 1,768
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources o...
Oct. 25, 2014 08:00 AM EDT Reads: 1,762
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will nee...
Oct. 24, 2014 09:30 PM EDT Reads: 1,402
When you set off to build an app that will change the world, designing your system architecture to be reliable and scalable is important but the stark reality is that, for your MVP, you probably had a “need for speed” (of development). You didn’t know what all the axes were to scale your application, where your stress points would be, and what weird and wonderful ways your customers would use it d...
Oct. 24, 2014 09:00 PM EDT Reads: 1,202
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do to...
Oct. 24, 2014 07:00 PM EDT Reads: 1,523
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Ope...
Oct. 23, 2014 11:45 PM EDT Reads: 2,683
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, ...
Oct. 23, 2014 11:30 PM EDT Reads: 1,727