HOUSTON--(BUSINESS WIRE)--Oct. 27, 2009--
Halliburton (NYSE:HAL) announced today that it has acquired Geo-Logic
Systems, LLC. Founded in 1983, Geo-Logic Systems is the leading provider
of advanced structural interpretation, analysis and restoration software
for complex geologic environments.
Geo-Logic Systems’ software validates complex geologic interpretations
by determining their physical possibility using its structural
restoration and balancing capabilities. The software assists in
analyzing and modeling fault seal characteristics, burial histories, and
determining hydrocarbon migration pathways and accumulation zones
thereby enabling Halliburton’s customers to construct more accurate
geologic models.
“The industry faces increasingly difficult exploration and drilling
scenarios,” said Paul Koeller, Halliburton’s vice president of Software
and Asset Solutions. “The integration of Geo-Logic Systems offers
geoscientists advanced modeling solutions to address the technical
challenges of exploring in complex petroleum regimes such as overthrust
belts and the pre-, syn- (including sub-salt) and post-rift portions of
extensional basins. In these complicated, poorly imaged plays risk
reduction is of paramount importance.”
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With more than 55,000
employees in approximately 70 countries, the company serves the upstream
oil and gas industry throughout the life cycle of the reservoir–from
locating hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and optimizing
production through the life of the field. Visit the company's Web site
at www.halliburton.com.
Source: Halliburton
Halliburton
Senior Manager, Public Relations
Diana Gabriel,
+1-281-575-4431
diana.gabriel@halliburton.com
