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Woodside Energy USA Selects Paradigm(TM) Software for USA Operations

November 12, 2008

LAS VEGAS, Nov. 12 /PRNewswire/ — Paradigm(TM) (http://www.pdgm.com/), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced that Woodside Energy (USA) Inc. (“Woodside”) has selected Paradigm’s next-generation geology and geophysics (G&G) solutions for developing leases in the Gulf of Mexico (GOM). The announcement was made at the 78th Annual Meeting of the Society of Exploration Geophysicists (SEG) in Las Vegas.

Woodside selected Paradigm’s technology for interpretation and velocity modeling. Paradigm possesses advanced workflows in processing, interpretation and analysis of very large geographic regions where complex salt structures exist. Paradigm will provide Woodside with industry solutions for workflows spanning seismic processing, velocity analysis, stratigraphic delineation, structural interpretation, formation evaluation, and reservoir modeling.

“We are very pleased to see another example of our technology outperforming traditional legacy applications. Paradigm is solely focused in providing industry leading software solutions and workflows for exploration and prospect validation to our customers,” said James Lamb, Paradigm’s US regional vice president. “Throughout this process Woodside demonstrated a serious and rigorous approach to evaluating technology, and we look forward to working with them to our mutual benefit for a long time to come.”

For more information on Paradigm products and services, contact your regional office directly (information at http://www.pdgm.com/), or e-mail info@pdgm.com.

About Paradigm(TM)

Paradigm B.V. (http://www.pdgm.com/) is an industry leader in digital subsurface asset management, serving oil and gas companies worldwide. Paradigm technology solutions for seismic processing and imaging, interpretation and modeling, reservoir characterization and petrophysics, and well planning and drilling operate in an open environment to accelerate results. Paradigm has a global network of sales, consulting and support.

The following are trademarks or registered trademarks of Paradigm B.V. or of its affiliates (collectively, “Paradigm”): Paradigm(TM), Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners. Please read Paradigm’s notice on forward-looking statements at http://www.pdgm.com/legal.aspx#Forward-Looking-Statements.

About Woodside Energy

Woodside (http://www.woodside.com.au/) is one of Australia’s top ten companies by market capitalisation, and the nation’s largest publicly-traded oil and gas exploration and production company. Based in Perth, Western Australia, Woodside has major operational assets and exploration and development interests in five continents including Australia and the United States. In 50 years Woodside has grown from a pioneer oil and gas explorer to Australia’s largest independent producer of oil and gas and one of the world’s largest producers of liquefied natural gas (LNG). Woodside operates Australia’s largest resources project, the North West Shelf Venture in Western Australia, which produces about 40 per cent of Australia’s oil and gas.

   Paradigm Media Contact   Samhita Shah   Paradigm   Tel: +1 713.393.4109   samhita.shah@pdgm.com  

Paradigm(TM)

CONTACT: Samhita Shah, Paradigm(TM), +1-713-393-4109,samhita.shah@pdgm.com

Web site: http://www.paradigmgeo.com/http://www.pdgm.com/http://www.woodside.com.au/




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