DUBAI, UAE
(April 10, 2011) - LMKR, a global geoscience technology and
consulting services provider focused on resolving the challenges
associated with unconventional oil and gas exploration and
production, today announced a strategic partnership with Object
Reservoir, a provider of leading-edge reservoir analysis services
and technology to the global E&P industry. LMKR and Object
Reservoir will work together to close the workflow and data
integration gaps among the different geology, geophysics and
engineering disciplines. These gaps result in unacceptable ranges
of production and capital spending uncertainty, related to the
development of gas shale plays.
LMKR will develop technology to integrate seamless workflows, as
well as reservoir characterization, well, completion and production
data exchange between: the LMKR GeoGraphix® Discovery Suite for
geology and geophysical interpretation, the Object Reservoir ORKA™
knowledge architecture environment for the management of
unconventional gas well analyses, and the Object Reservoir Limits™
analytic modeling and production forecasting tool for shale gas
wells.
"There are two issues often associated with working unconventional
gas plays: either too much gas is being left behind in reservoirs
or excessive capital is being spent to extract the gas," said LMKR
Chairman and CEO, Atif Khan. "LMKR and Object Reservoir have a
solution to minimize the uncertainties associated with
unconventional gas plays. We will be playing a very important role
by helping geoscientists, petroleum engineers, joint venture
partners, reserve auditors, and investment bankers model numerous
"what-if" scenarios of highgrading, development, capital
investment, and valuation for shale gas plays."
"Shale gas operators and investors have been asking for reliable
production analysis and modeling, based on rigorous science
approaches, for a long time," said Dan Piette, CEO of Object
Reservoir. "LMKR and Object Reservoir are working together to
reduce uncertainties in optimizing well completions and spacing,
allowing stakeholders to prioritize the use of development capital.
Together, we are committed to providing reliable answers to the
questions: 'should we invest in this unconventional gas play?' and
'how do we rapidly and profitably monetize the investments we
make?" About Object Reservoir Object Reservoir Inc. is a provider
of leading-edge reservoir analysis technology and services to the
global E&P industry. The company's Resolve® finite element
modeling, Limits™ advanced shale analytics, and ORKA™ shale
knowledgebase technology are defining advanced workflows for
analysis of shale well performance, leading to reliable forecasts
of production and recovery factors from early production data.
Headquartered in Houston, Texas, Object Reservoir has its
technology and software development center in Austin. For more
information on Object Reservoir, visit
www.objectreservoir.com.
About LMKR
LMKR provides mobile technology solutions, data services,
geoscience and data management consulting solutions to oil and gas
operators, geoscientists and investors in order to lower the risk
associated with unconventional oil and gas exploration and
production. LMKR is committed to its vision of providing a
reservoir-centric interpretation, modeling and analytics solution
that can be shared anytime, anywhere with fit-for-purpose
technologies. The LMKR GeoGraphix Discovery Suite is the industry's
most complete and integrated Windows-based geology and geophysical
integration system. LMKR services more than 22 countries and is
headquartered in Dubai, U.A.E. For more information about LMKR,
visit
www.lmkr.com.
GeoGraphix is a registered trademark and Discovery is a trademark
used under a license agreement. LMKR is a trademark of LMKR.
Resolve is a registered trademark and Object Reservoir, ORKA, and
ORKA: Limits are trademarks of Object Reservoir. All other company
and product names may be trademarks of their respective
owners.