Schlumberger Acquires Nexus Geosciences

Wednesday, Mar 10, 2010

Fast, proven seismic data processing software and workflows Schlumberger announced today that it has acquired Nexus Geosciences, Inc., a Houston-based provider of integrated seismic software and services for rapid imaging, modeling and interpretation. The group will become part of the WesternGeco business unit.

The company has developed proprietary technologies for fast imaging and modeling, enabling oil and gas companies to rapidly build, update and validate their velocity models. This information can enable them to reduce uncertainties even in the most complex geological environments.

“Our customers are exploring in areas of increasing geological complexity while under considerable time pressures,” said Maurice Nessim, vice president of WesternGeco GeoSolutions. “The combination of Nexus proven imaging and modeling expertise with WesternGeco advanced imaging solutions and global reach will allow us to help our customers meet these challenges more effectively.” 

As the search for hydrocarbons continues to intensify, oil and gas companies are looking at increasingly complex geological environments, where imaging technologies and velocity modeling play a key role in reducing exploration risk.

Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 77,000 people representing over 140 nationalities and working in approximately 80 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $22.70 billion in 2009. For more information, visit www.slb.com.

Source: SLB