Oil and Gas Press

SMT’s KINGDOM Flex Grid Helps Vanco Energy Find the Next Super Giant Oil Field

Pioneering Exploration Company Improves Ability to Prospect for Oil Utilizing New SMT Capabilities

HOUSTON–(BUSINESS WIRE)–SMT, the market leader for PC-based geoscientific interpretation software, announced today that its newly released Flex Grid technology is setting new standards for oil & gas prospecting. Flex Grid, available with the recent release of the flagship KINGDOM 8.2 software, provides faster and more accurate gridding and contouring than existing solutions. In fact, in benchmarks, it is 10x faster than some of the leading algorithms available today. Better gridding algorithms means organizations can make better prospect maps and determine where to drill for oil and gas.

Vanco Energy, founded by oil pioneer and wildcatter Gene Van Dyke, uses KINGDOM software throughout its organization. “With oil prices reaching over $112 a barrel, the race is on to find the next big field and KINGDOM is our technology choice,” said Robert Schaefer, Geophysicist. “At Vanco we exclusively focus on prospecting areas which have the highest likelihood of producing the next giant field. Exploration in these terrains is challenging, to say the least, and tools like Flex Grid make things easier. Not only does it help us create more accurate representations of the subsurface, but gridding that once took hours to produce, now takes minutes,” said Schaefer.

“Flex Grid builds accurate maps quickly by allowing the interpreter the ability to preview how their input parameters will affect the resulting contours. This means that interpreters no longer have to generate a grid blindly, discover inaccuracies, and re-grid repeatedly,” according to Robert Schaefer. “In a head-to-head comparison of SMT versus other suppliers’ sub-apps, SMT was superior.”

“SMT has had a 24 year history of bringing the latest science to independent exploration companies like Vanco – without having to incur large support costs in hardware purchases like our competition. KINGDOM Flex Grid is another breakthrough that proves you can achieve high performance and leading innovation without high costs,” said Indy Chakrabarti, Director of Marketing at SMT.

About the organizations:

SMT

Seismic Micro-Technology, Inc. (SMT) is the global industry leader for Windows-based geophysical and geological interpretation software. Since 1984, SMT has offered geoscience software technology to the upstream exploration and production (E&P) industry. SMT is committed to providing software with broad functionality that is logical to learn and to use, is truly integrated, and is flexible in its operation. SMT was the first company to develop geoscience interpretation tools for Windows NT and continues to lead the industry in PC-based exploration and reservoir management software. The company’s software is widely accepted by geologists, geophysicists and reservoir engineers in over 85 countries. SMT has offices in Houston, Singapore and Croydon (UK). For additional information, visit www.seismicmicro.com.

Vanco Energy

Vanco Energy Company is an independent oil and gas exploration company that focuses on deepwater. They hold and operate six large licenses in five countries. Vanco has more than 10 million gross deepwater acres under license. In 2007, Vanco expanded to the Black Sea. Vanco is headquartered in Houston and has international offices in 4 countries. For additional information, visit www.vancoenergy.com.

Contacts
Seismic Micro-Technology, Inc. (SMT)
Emely Shay, +1-713-935-7836
Media Relations
eshay@seismicmicro.com

 
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Tags: field, Giant, oil, Super, Vanco Energy