Gulf Oil and Gas accountACCOUNT

Baker Acquires Reservoir Modeling Software Developer

Source: www.gulfoilandgas.com 10/7/2010, Location: North America

Baker Hughes announced that its subsidiary has acquired the remaining interest in oil & gas reservoir modeling software developer JOA Oil & Gas BV, which owns and develops software for technical, scientific, and exploration and production applications. Baker Hughes Nederland Holdings acquired 40% of JOA Oil & Gas in 2009.

JOA Oil & Gas is the developer of JewelSuite™ software, an integrated reservoir modeling tool that uses patented 3-D gridding technology to build accurate reservoir models for fields with complex geology. The JewelSuite software platform also provides connectivity between the generated models and reservoir simulators – a capability designed to further improve overall simulation accuracy.

“With the acquisition of JOA, Baker Hughes’ Reservoir Development Services (RDS) group can provide field development and geomodeling solutions for the most complex development options and reservoirs,” notes John Harris, president of Baker Hughes’ RDS group. “JewelSuite software has the potential to become a leading reservoir integration platform for technologies ranging from geosteering to modeling the performance of inflow control devices.”

Gerard de Jager, founder of JOA Oil & Gas, says the global presence of Baker Hughes may accelerate the growth of the JewelSuite software package. “Baker Hughes recognizes the integration capabilities of the JewelSuite seismic-to-simulation workflow. We look forward to joining the Baker Hughes RDS group and to enhancing the application of the JewelSuite software development kit by larger independents, international oil companies and national oil companies.”

Mergers and Acquisitions News in United States >>

Mexico >>  2/21/2019 - Nu-Oil & Gas has announced that Marginal Field Development Company ('MFDevCo'), the Company's 50%-owned joint venture, has entered into an agreement w...
United Kingdom >>  2/20/2019 - Private equity firm HitecVision is seeking to sell its British North Sea oil and gas production unit Verus Petroleum, which last year completed a stri...

United Arab Emirates >>  2/19/2019 - Rockwell Automation, the world’s largest company dedicated to industrial automation and information, and Schlumberger, the world's leading provider of...
France >>  2/18/2019 - Total has acquired Synova, a French leader in manufacturing high-performance recycled polypropylene for the automotive sector. ...

Netherlands Antilles >>  2/15/2019 - Shell has agreed to acquire 100% of sonnen, a leader in smart energy storage systems and innovative energy services for households. This follows an in...
United Kingdom >>  2/15/2019 - Rowan Companies plc (RDC) has received clearance from the United Kingdom's Competition and Markets Authority for its pending combination with Ensco pl...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 |

More News

Related Links

CA US
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.