Schlumberger Acquires IES
Schlumberger announced today that it has acquired Integrated Exploration Systems (IES), the , Germany-based supplier of advanced petroleum systems modeling software and services for the exploration and production (E&P) industry.
IES specializes in the modeling of the generation, migration and entrapment of oil and gas using the industry-leading software PetroMod. This technology is used to estimate undiscovered hydrocarbons in frontier basins and to enable oil and gas companies to mitigate risk in exploration prospects.
In order to help meet growing global demand for hydrocarbon resources, oil and gas companies are looking more toward exploration. The combination of surface seismic data with key Schlumberger measurement technologies, integrated with petroleum systems modeling and other risk management technologies, will lead to reduced uncertainties and enable customers to better manage their exploration risk. IES software and expertise will form a key part of this process.