Delft, The Netherlands (March 12, 2010) – JOA Oil & Gas BV. (JOA) is pleased to announce that it has entered into a corporate licensing agreement with SGS Horizon. Under the agreement SGS Horizon has access to the innovating and differentiating technology of JewelSuite™, developed by JOA.
“I am very pleased with this strategic partnership, yet another consultant joining our global network of ‘Premium Consultants’”, said Jonathan Zwaan, Corporate Sales Director with JOA. “JewelSuite will allow Horizon to generate more business value, for themselves and for their clients by shortening the time it takes to build accurate reservoir models ready for simulation. For JewelSuite, this means another step in increasing our presence in the Dutch E&P industry.”
The strategic partnership is believed to also increase the exposure of JewelSuite to the international E&P industry. SGS Horizon, with a strong reputation in the subsurface modeling domain and offices in Den Haag, The Netherlands and Abuja, Nigeria, recognizes the benefits of JewelSuite’s unique gridding technology.
Danilo Bandiziol, Managing Director of SGS Horizon, commented: "we recognized the added value of JewelSuite early on, especially with regards to its innovative structural modeling and 3Dgridding capabilities. We expect that the access to this powerful package will position us well to tackle our clients’ structurally complex fields, enabling faster and more accurate model building. JewelSuite brings us functionality that other products couldn’t give us, at an attractive price point.”
About JOA Oil & Gas
JOA Oil & Gas is an independent company that develops, markets and sells JewelSuite™, a Windows-based geomodeling software that leverages its patented gridding technology to build integrated workflows with its technology partners SMT and CMG, and in partnership with BHI. JewelSuite™ enables fast, easy and accurate reservoir models to be built cost effectively. It is headquartered in Delft, The Netherlands, and has offices in Houston, Albuquerque, London, Aberdeen, Moscow, Jakarta, and Lagos. For more information visit www.jewelsuite.com.
About SGS Horizon SGS Horizon provides a wide range of fully integrated subsurface solutions to the oil, gas industry. Through its in-depth knowledge and experience of a wide range of oil and gas regions, setting and environments, they have the ability to tailor its services to almost any specific situation or project. SGS Horizon helps you to identify and assess exploration opportunities, characterize and model oil and natural gas reservoirs from onshore and offshore fields through offering a variety of services and solutions for the upstream sector. SGS Horizon is part of the SGS Group, the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With 59,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world. For more information visit www.horizon-ep.com or www.sgs.com/ogc.
