Schlumberger, the oilfield and information services company, has acquired Integrated Exploration Systems (IES), the Germany-based supplier of advanced petroleum systems modelling software and services for the exploration and production industry.
IES specialises in the modelling of the generation, migration and entrapment of oil and gas using the software PetroMod. The technology is used to estimate undiscovered hydrocarbons in frontier basins.
‘The combination of IES expertise with WesternGeco and Schlumberger technology will enable us to provide our customers with fully integrated exploration services,’ said Dalton Boutte, president of WesternGeco and executive vice president of Schlumberger.
‘IES’s expertise complements our portfolio of seismic, controlled source electromagnetics, and magnetotellurics technologies, as well as enhancing our multiclient library.’
IES employs 40 employees, mostly based at the Aachen site, which will become a Schlumberger Centre of Excellence for Petroleum Systems Modelling.
Massive new Coventry campus targets 60GWh battery output
Where will all the raw materials come from for the manufacturing process? How will they be transported to the factory and what is going to be done with the various scrap and residues?