4 September 2006
Houston, Texas, US
Geotrace announced today the signing of a definitive agreement
to acquire Tigress Geosciences based in Marlow, England, near
London.
A pioneer in subsurface data integration, Tigress has
long-standing relationships with industry-leading oil and gas
companies and is known as a leading provider of subsurface data
integration software. Tigress is installed in over 45 countries on
six continents and provides the exploration and production
professional with a proven, integrated and user-friendly workflow
solution. The ability to make fast and accurate decisions, to bring
fields into production quickly and within budget, and to realise
their full value before depletion is dependant upon the ability to
access and exploit all the data available at the time.
"As the market for integrated reservoir interpretation services
grows, the Tigress suite of geoscience applications together with
the advanced seismic imaging technology Geotrace has developed
represents the most integrated solution available to the
industry,” said Bill Schrom, CEO of Geotrace.
"We've used our knowledge of subsurface data integration to
become a leading software provider to the oil and gas industry,"
said David Sullivan, Managing Director of Tigress Geosciences.
"We're pleased about this new opportunity which will enable us to
provide our clients with more services and better accommodate their
operational objectives."
For more information, please contact Geotrace.
Back to index