GeoQuest Acquires Drilling Software From Oil Technology Services.HOUSTON--(BUSINESS WIRE)--Nov. 17, 1998--GeoQuest announced today that it has acquired the software technology suite from Oil Technology Services (OTS See Office of Thrift Supervision. ). Included in this suite are two widely used commercial products -- TDAS TDAS Test Data Analysis System TDAS Tracking and Data Acquisition System TDAS Type Designation Automation System TDAS Test Data Analysis Software TDAS TOW Data Acquisition System TDAS Traffic Data Administration System (a) Tubular Design and Analysis System and WEST(a) Wellbore Simulated Temperatures program. These will become part of GeoQuest's Drilling Office(a) suite of applications, which helps engineers create the optimum drilling plan by reducing costs and managing uncertainty. "The addition of these two applications to Drilling Office will increase drilling engineers' efficiency and effectiveness by providing them with the most advanced tools for critical well design tasks," said George Steinke, vice president of Business Development for GeoQuest. "These leading-edge applications add significant capabilities to our expanding suite of drilling software and reinforce our continuing commitment to the drilling industry." TDAS provides triaxial tri·ax·i·al adj. Having three axes. tri·ax  i·al i·ty n. stress and American Petroleum Institute The American Petroleum Institute, commonly referred to as API, is the main U.S. trade association for the oil and natural gas industry, representing about 400 corporations involved in production, refinement, distribution, and many other aspects of the industry. load capacity analysis as well as connection analysis according to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recently adopted ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. criteria for any casing or tubing string. The drilling engineer can design a new string by specifying general criteria or analyze an existing string with specific parameters. The expert system available with TDAS contains field-proven rules to guide engineers when creating well designs and performing analyses. WEST is a powerful finite difference-based application that offers both steady-state and transient temperature predictions for a variety of wellbore flow conditions. WEST uses advanced numerical algorithms, which are among the quickest and most accurate temperature prediction tools in the industry. WEST's field-tested technology lets drilling and completion engineers accurately simulate injection, production, forward and reverse circulation, shut-in conditions, and waiting-on-cement time. "TDAS and WEST are based on over 20 years of proven engineering experience," said Erich Klementich, director of Oil Technology Services. "This rule-based software is unique in the E&P industry and enables the user to quickly and accurately assess pipe requirements for any well." The noncommercial technology assets that are being acquired will become part of GeoQuest's technological base from which additional drilling and production products will be developed to enhance further the Drilling Office and other application suites. In addition to TDAS and WEST, the Drilling Office applications include PowerPlan(a) for well planning and design, CemCADE(a) cementing design and evaluation software, MudTRAK(a) drilling fluids tracking and reporting software The following is a list of notable reporting software. Commercial software
QLA Lasham Airfield (Lasham, England, UK) QLA Quadrifilar Loop Antenna QLA Quark License Agreement QLA Q-Logic Adapter (a) well log analysis software. OTS is an engineering consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in deep-well design, failure analysis, quality assurance, software development and vendor evaluations. Schlumberger GeoQuest is the E&P industry leader in integrated software systems, data management solutions, and processing and interpretive services to assist petroleum companies in optimizing the value of their oil and gas reservoirs. As part of Schlumberger Oilfield Services Schlumberger Oilfield Services, a division of Schlumberger Limited, is the world’s largest supplier of exploration and production (E&P) services, solutions and technology to the international petroleum industry. , GeoQuest operates more than 110 data services centers and software support offices in 58 countries. Schlumberger Oilfield Services is a business segment of Schlumberger Limited, a worldwide leader in technical services. For additional information on GeoQuest, access the GeoQuest web page through Connect Schlumberger at http://www.connect.slb.com (a) Mark of Schlumberger |
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