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SMT's
Kingdom Selected For Deepwater Exploration in Africa
05-31-2008
SMT, the leader for Windows-based
geophysical and geological interpretation software, today announced that the
company's flagship product, KINGDOM™, will be used to explore deepwater Africa.
Commenting on the announcement, David Van de Spuy, Resource Evaluation Manager
of the Petroleum Agency SA, said, "Our organization chose SMT's KINGDOM as our
primary offshore exploration software after researching and reviewing several
other industry options. We chose SMT because the company's software is not only
user-friendly and economical, but it is also easily adaptable to our specific
needs, including the user interface."
"Africa continues to be a hotbed for new exploration. In fact, SMT's recent
survey of geoscientists indicates that nearly half of those surveyed believe
that 5 BBOE or more will be extracted from Deepwater Africa in the coming
years," said Ken Gardiner, VP of SMT's EAME Operations. “With this level of
growth, SMT recognizes the need to provide our global customers with the best
solution and ensure fast and efficient productivity.”
The Petroleum Agency SA will use KINGDOM on all of its projects for the Orange
basin, Outeniqua basins and Durban Zululand basins—a vast area equaling nearly
1.1 million square kilometers offshore South Africa. In an effort to promote the
commercial potential of the country’s natural oil & gas resources, the Agency
provides prospecting maps and information for investors to review and consider
exploration opportunities.
Petroleum Agency SA is a South African government appointed company that
promotes, regulates and gathers data for oil and gas exploration and maintains
the information in a resource library. The Agency is an authority on oil and gas
exploration and production in South Africa and the surrounding waters. They are
the official liaison to investors and the South African government.
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