GRANT TENSOR GEOPHYSICAL TO PURCHASE $11 MILLION
OF INTEL PARALLEL SUPERCOMPUTERS
HOUSTON, Nov. 7 /PRNewswire/ -- Grant Tensor Geophysical Corp. today announced it has purchased and will install more than $11 million worth of Intel parallel supercomputers throughout its worldwide seismic processing centers.
This agreement represents the largest single equipment acquisition of parallel supercomputers to date in the oil industry. It is the second major purchase of Intel supercomputers by Grant Tensor, a leader in the oil and gas seismic data processing field.
Grant Tensor purchased several Intel supercomputers with an option to upgrade to future generation systems, bringing the total number of Intel parallel supercomputers owned by Grant Tensor to six. Upon installation of the new systems, Grant Tensor will have in each of its worldwide processing centers the most powerful computer resources in the world dedicated to 3-D seismic data processing.
"This is a major milestone in Grant Tensor's ongoing program, called Project TeraFLOPS, the goal of which is to develop a state-of-the-art suite of seismic solutions designed ultimately to run on teraFLOPS-class parallel supercomputers in the mid 1990s," said Bill French, president of Grant Tensor.
"Intel's 128 node and 32 node supercomputers have proven themselves under production conditions in our New Orleans processing center. These parallel supercomputers eliminate one of the industries major roadblocks -- compute power limitations. Grant Tensor is committed to remain the technology leader in this highly competitive field by implementing new seismic data processing technology which lowers the cost of finding and producing oil and gas reservoirs."
Grant Tensor, a worldwide technology leader in seismic data acquisition and processing, is the result of a merger between Grant-Norpac, Inc. and Tensor Geophysical Service Corporation completed earlier this year.
In May, Grant Tensor announced the first practical cost-effective implementation of a powerful new seismic data processing method called three-dimensional pre-stack depth migration. This technique has long been recognized as a more accurate exploration technique than traditional seismic processing methods. Prior to Grant Tensor's advancement in seismic data processing software combined with the iPSC/860's processing power, 3-D pre-stack depth migration had not been a practical solution because data volumes are large and the calculations are too demanding for conventional supercomputers.
With the new i860-based parallel supercomputers, these calculations -- which are estimated to require more than a year of conventional supercomputing CPU time -- can now be performed in approximately three weeks.
"Today's announcement represents a major milestone for the industry, setting a new standard by which all vendors will now be measured," said Justin Rattner, director of technology at Intel Supercomputers. "Grant Tensor's purchase symbolizes Intel's dual leadership in the two most important trends in parallel supercomputing: developing unmatched computing power and broadening commercial application of the technology.
"Together, Intel Supercomputers and Grant Tensor are creating a powerful, yet affordable, hardware/software combination of technologies for the oil industry, delivering capabilities that were not previously available," Rattner said.
The Intel iPSC/860 parallel supercomputer is a scalable, distributed memory system sold in configurations from 8 to 128 processors with typical prices ranging from $250,000 to $3 million. The 128 processor system has a peak rating of 10.2 GFLOPS (billion floating point operations per second) for single precision calculations.
Grant Tensor Geophysical Corp. is an international geophysical services company engaged in gathering and computer processing seismic data and manufacturing seismic recording instruments. The company has seismic data collection operations in North America, Europe, Africa, Latin America and the Far East, and processing centers in Houston, New Orleans, London, Caracas, Melbourne and Cairo.
Intel Corporation is a world leader in parallel computing technology. Intel's Supercomputer Systems Division, based in Beaverton, Ore., has the largest and fastest-growing installed base in the industry, with more than 300 systems installed worldwide. Applications include traditional supercomputer uses, such as aerospace, defense and petroleum, as well as emerging markets, such as atmospheric, oceanic and environmental modeling, financial analytics and pharmaceutical design.
Intel Corporation is an international manufacturer of microcomputer components, modules and systems.
NOTE: iPSC and i860 are registered trademarks of Intel Corporation.
/CONTACT: Mike Bernhardt of Intel Supercomputers, 503-629-7835; Dave Weber of Grant Tensor, 713-781-4000; or Doug Black of Miller Communications, 617-536-0470/ CO: Grant Tensor; Intel Corporation ST: Texas IN: CPR SU: KM -- NE003 -- 2056 11/07/91 09:03 EST