GeoKnowledge releases GeoX 5.4

A new step-jump in functions and ease-of-use that further strengthens GeoX as the leading DayOne OneStop exploration decision support solution

(September 23, 2004) GeoKnowledge, a leading provider of best practice decision support solutions for the upstream oil & gas industry, is proud to announce the release of GeoX 5.4. This new release is yet another significant milestone in GeoKnowledge's active collaboration with our customers to introduce innovative technology that improves the effectiveness and efficiency of their exploration decision-making.

The release includes a large number of new functions and formats while further enhancing ease-of-use: A new segment-based architecture provides the basis for a more effective workflow. The gProspectR tool for prospect risk and resource assessment provides new options for a richer and more direct representation of the geological basis for modelling risk and volume dependencies as well as segment relationships in multisegment exploration targets. The gPlayR tool for play risk and resource assessment has been completely revamped with a range of new modeling options that can mirror exploration maturity and data availability. The new gBasin tool supports systematic Quick Look Screening of basins.

Numerous other enhancements & new features

Additional improvements and extensions apply across the board to all GeoX tools as well as to common facilities shared by all tools.
Among the more than 40 enhancements are:
-- A simplified and revamped interface that supports a more effective workflow and interaction format.
-- A new distribution viewer with log-probit as one of four alternative formats.
-- Vastly improved trial browsing that supports trial grouping and automatic creation of multiple scenarios.
-- Conformable groups for modeling stacked reservoirs and conformable beds that share contacts and trapping.
-- Stochastic plumbing functions supports direct modeling of leaks and shared contacts between segments.
-- Both a new area yield and a range of new volume modelling options for a feature-based assessment of Yet-To-Find potential in plays.
-- and much more….

For more information contact your account manager, mail us at sales@geoknowledge.com or contact one of our offices in Houston or Oslo.

For press contacts, please contact GeoKnowledge CEO Charles Stabell on +47-2294-1120.

GeoKnowledge(www.geoknowledge.com) is a vendor of leading-edge decision support solutions for the upstream oil & gas industry.

Established in 1985, our objective is to assist petroleum companies, governments and industry suppliers worldwide in evaluating risks, resources and economic value in exploration and development projects. Our evolving family of GeoX exploration workbench products use object-oriented technology, relational databases, client/server solutions and knowledge-based technology. A common design principle has been a commitment to the use of industry-standard technological building blocks. Through continuous investment in new product development and active partnerships we both leverage industry expertise and support the deployment of complete decision support solutions.