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ConocoPhillips Chooses ModViz for E&P Visualization Solution.

OAKLAND, Calif. -- ModViz, leading provider of 3D graphics acceleration software, announced today that ConocoPhillips has become the second major international oil company to purchase its Virtual Graphics Platform (VGP) software. VGP delivers supercomputing-level 3D visualization to the geoscientist's desktop, providing oil companies with impressive productivity gains in the analysis of large volumes of 3D exploration and production (E&P) data.

ModViz developed VGP graphics acceleration software to enable geoscientists to have virtually unlimited access to 3D graphics processing power for high-performance, scalable 3D visualization of large seismic datasets on a single multi-GPU workstation or across a cluster of multiple workstations. Oil companies equipped with VGP can expect dramatic improvements in the speed, quality, and cost of analysis and interpretation of vital E&P data needed for rapid evaluation of hydrocarbons prospects and producing reservoirs.

ConocoPhillips has so far purchased two VGP software licenses from ModViz and intends to continue evaluating the technology at its Houston-based Technical Computing Environment. Last November Shell's International Exploration and Production division in Houston became ModViz's first major oil customer for its VGP software, following two years of intensive evaluation and testing.

"ConocoPhillips' license of VGP is our most current example of how we are helping geophysicists and engineers shorten their interpretation workflow by removing the graphics processing bottleneck and allowing access to much larger surface and volume data," said Tom Coull, CEO of ModViz. "These newest VGP users are now able to analyze data sets in real time that were previously either impossible or had traditionally taken hours or days."

Coull notes that the graphic processing demands for E&P data are very challenging, and that computing clusters are only now making their way into the graphics arena. "We have been able to configure the hardware for multiple graphic processor units (GPUs) in a single workstation or clustered implementation. The significance of VGP is that it can speed up any OpenGL-based application harnessing all the available graphics horsepower. That's something no one else has been able to do, and means a step change in the visualization performance that companies can expect in the future."

About ModViz

ModViz's software solutions help organizations visualize highly complex or very large 3D data sets on standalone multi-GPU workstations or on high performance workstation clusters. ModViz's core product, Virtual Graphics Platform (VGP), accelerates customers' OpenGL-based 3D applications and dramatically increases the applications' 3D graphics performance and throughput, extending 3D visualization beyond the technical bounds and cost limitations of traditional engineering workstation solutions. VGP features a common, standard-based 3D graphics computing platform that delivers supercomputing-level visualization with extreme data size and scalability on high-performance workstations and clusters.

Located in Oakland, Calif., ModViz is privately held and funded by Selby Venture Partners, a leading early-stage venture firm in Silicon Valley, and LMS Capital, the investment arm of London Merchant Securities plc (LON: LMSO), a publicly traded, leading venture capital and real estate investment company based in the United Kingdom. Additional investors included Atrium Venture Partners, the Halo Fund II, and The Angels Forum.
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Comment:ConocoPhillips Chooses ModViz for E&P Visualization Solution.
Publication:Business Wire
Geographic Code:1USA
Date:Mar 1, 2006
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