Schlumberger and Chevron Energy Technology Company Sign Petrel Agreement

Petrel E&P software platform deal to drive technology, reliability, efficiency and integration.

Schlumberger announced today the signing of a long-term software contract with Chevron Energy Technology Company (ETC), a division of Chevron U.S.A. Inc. The new contract provides universal access to the Petrel* E&P software platform across Chevron’s entire earth sciences organization.

“We have enjoyed more than a decade of innovation and collaboration with Chevron, partnering on several key initiatives from intellectual property development on Ocean* software development framework to a field development consortium on the INTERSECT* high-resolution reservoir simulator,” said Uwem Ukpong, president, Schlumberger Information Solutions. “This agreement is core to advancing continuous improvement for capital efficiency.”

In addition to the Petrel software, the contract includes a number of other software in the geological, geophysical and reservoir evaluation domains, including the Techlog* wellbore software platform, OFM* well and reservoir analysis software, and the ProSource* E&P data management and delivery system.

For more information on Schlumberger software, visit www.software.slb.com.