Houston, Texas - Halliburton Digital and Consulting Solutions, a division of Halliburton (NYSE: HAL), announced today that it has acquired the smartSECTION® geologic software business from A2D Technologies, a TGS-NOPEC Company. smartSECTION software provides the industry's leading raster image cross-section application and pioneered the use of depth-calibrated well log images for a faster, more affordable approach to high volume well log correlation and geologic interpretation.
"The acquisition of smartSECTION computer programs significantly expands the well log correlation and subsurface interpretation capabilities in our GeoGraphix® suite of software," said Jonathan Lewis, vice president, Innovation and Marketing, Halliburton Digital and Consulting Solutions. "Our customers, who are analyzing increasingly large volumes of log data, will significantly benefit from the ability of smartSECTION software to quickly identify unconformable and structural relationships."
Lewis continued, "We plan to work very closely with A2D to continue to support and enhance the delivery of A2D's well log data, as well as enable smartSECTION software to import a broad range of commercially available raster images and depth registrations. We also have plans to integrate smartSECTION software with the GeoGraphix® database (GXDB) and Landmark's OpenWorks® database. This will provide a streamlined project environment and facilitate interpretive integration. And, concurrent with out development efforts, we will continue to provide the same high quality customer support that has helped make smartSECTION software successful."
Other plans include continuing to support smartSECTION software and its Oracle database in its current environment. Actively used by over 50 major and large independent oil and gas companies worldwide, the smartSECTION program capability will add high volume log interpretation to GeoGraphix's already robust toolkit.
"A2D is in the business of providing the highest quality, most accessible and trusted source of well log data to the industry," said Dave Kotowych, A2D's president. "Transferring our smartSECTION software business to Halliburton accomplishes two goals. First A2D can extend direct access to our data without the concern that we are developing competing interpretive products. Second, we allow smartSECTION software to thrive in a software development environment and expand in the market under the leadership of Halliburton."
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services and Engineering and Construction groups. The company's World Wide Web site can be accessed at www.halliburton.com.
A2D Technologies is an industry leading provider of well log data and services. TGS-NOPEC Geophysical Company acquires processes and markets 2D and 3D offshore seismic data and services around the world.