Halliburton announced that it has acquired Canada’s Permedia Research Group, suppliers of petroleum systems modeling software and services. Permedia provides tools and expertise to enable oil and gas companies to assess exploration risk and manage the cost of developing deepwater, sub-salt and unconventional resource plays. Permedia will be integrated into Halliburton’s Landmark Software and Services business line.
“The Permedia acquisition builds on our strategy to deliver integrated and differentiated basin-to-reservoir scale solutions and will provide our customers with a better understanding of hydrocarbon generation, migration and trapping mechanisms,” said Gene Minnich, vice president, Landmark Software and Services. “Combined with Halliburton’s leadership in deepwater exploration and unconventional resource plays, Permedia’s tools and expertise will enable customers to dramatically improve their understanding of hydrocarbon potential and ultimately enhance their exploration and production success.”
Founded in Ottawa in 1998, Permedia’s petroleum systems analysis software specialises in fast, high-resolution simulations of petroleum fluid flow within basin scale models and their relationships with reservoir fluid compositions, trap timing, trap filling and hydrocarbon type.
“This is an exciting opportunity for our customers and my research team,” said Dan Carruthers, president of Permedia Research Group. “As part of Halliburton, we will work closely with technologists from across the company to introduce products in the areas of exploration modeling, CO2 sequestration, and pore pressure prediction. I’m looking forward to making petroleum systems modeling techniques a standard interpretation process via integration with DecisionSpace Desktop and the OpenWorks project database.”
