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Repsol Sinopec to use Paradigm interpretation software offshore Brazil

24th September 2013

Repsol Sinopec will use Paradigm solutions to explore and develop a major hydrocarbon discovery in the Campos Basin

Repsol Sinopec to use Paradigm interpretation software offshore Brazil
Repsol Sinopec is expected to use the Paradigm software in their development of the Pão de Açúcar well in the Campos Basin

Paradigm on Monday announced it reached an agreement  with Repsol Sinopec to supply the Spanish-Chinese joint venture with software solutions and services for use offshore Brazil.

 

Under the agreement, Paradigm will provide Repsol Sinopec with its interpretation software suite SeisEarth as well as the Epos data management and interoperability system, for the development of major exploration projects in the Campos Basin.

 

“Our projects are carried out in very deep water in the pre-salt Campos Basin”, said Diana Sineva, exploration geophysicist at Repsol Sinopec.  “In such a geologically complex environment, we need advanced and powerful interpretation and modeling solutions.  After evaluating the software, we concluded that Paradigm’s applications would give us the most accurate results in the shortest amount of time.”

 

Repsol Sinopec recently announced a major hydrocarbon reserve discovery in the Campos Basin, off Brazil's south-eastern coast, with an estimated recoverable volume of at least 1.2 billion barrels of oil and gas.

 

Repsol Sinopec’s exploration asset teams are expected to use the Paradigm software in the coming months, in their development of the Pão de Açúcar well in the Campos Basin.

 

The Spanish-Chinese joint venture last week registered for Brazil’s 1st pre-salt round, where it will auction the giant Libra oil field.