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LMKR Announces Acquisition of Velocity Manager for Advanced Depth Conversion of Time Migrated Seismic Data

April 10, 2011

DUBAI, United Arab Emirates, April 10, 2011 /PRNewswire/ — LMKR, a global geoscience technology and consulting services provider, today announced at the AAPG 2011 Annual Conference & Exhibition in Houston, Texas the acquisition of Velocity Manager, an advanced MS Windows-based software application for rapid depth conversion of time migrated seismic data from Cambridge Petroleum Software, LTD. Velocity Manager is particularly effective at quickly guiding geoscientists through the complex process of applying rigorous mathematical methodologies to challenging data. A key advantage of Velocity Manager is to provide multiple ways of addressing any challenge, allowing geoscientists to make sound exploration decisions. LMKR Velocity Manager(TM) compliments the LMKR portfolio of mobile technologies for unconventional oil and gas exploration and reservoir development, including LMKR GeoGraphix® Discovery(TM) Suite and LMKR Object Reservoir(TM).

(Logo: http://photos.prnewswire.com/prnh/20110323/MM70774LOGO)

Velocity data sets can be rapidly processed utilizing multiple calculations to provide velocity trends – even from deviated wells. The ability to quickly provide accurate depth conversion of interpreted time maps, with a range of velocity parameters and functionality, is a necessary requirement for geoscientists and engineers evaluating unconventional plays.

“LMKR Velocity Manager represents over 15 years of collaboration among the world’s leading mathematicians. The advanced science of LMKR Velocity Manager was often an isolated exercise in a rigorous approach to depth conversion of RMS data. Now, by adding LMKR Velocity Manager to our software portfolio, advanced depth conversion in a mobile, integrated environment is a reality,” stated the Chairman and CEO of LMKR, Atif Khan.

About LMKR

LMKR provides mobile technology solutions, data services, geoscience and data management consulting solutions to oil and gas operators, geoscientists and investors in order to lower the risk associated with unconventional oil and gas exploration and production. LMKR is committed to its vision of providing a reservoir-centric interpretation, modeling and analytics solution that can be shared anytime, anywhere with fit-for-purpose technologies. The LMKR GeoGraphix Discovery Suite is the industry’s most complete and integrated Windows-based geology and geophysical integration system. LMKR services more than 22 countries and is headquartered in Dubai, U.A.E. For more information about LMKR, visit www.lmkr.com .

The LMKR logo design, LMKR, “We’re unconventional.” and Velocity Manager are trademarks of LMKR. GeoGraphix is a registered trademark and Discovery is a trademark used under a license agreement. Object Reservoir is a trademark of Object Reservoir. All other company and product names may be trademarks of their respective owners.

Contact:
Press Inquiries:
LMKR
Dee Elliott
+971 50 624 8592

SOURCE LMKR


Source: newswire