Shell and Baker Hughes to Develop Modeling Software
Shell (NYSE: RDS) and Baker Hughes (NYSE:BHI) have announced a joint development and software license agreement to complete a system for enhanced geological and reservoir modeling. The platform being developed will allow petroleum engineers to more efficiently plan and manage resource extraction through computer visualization.
The software will be based on the Baker Hughes JewelEarth platform and will be enhanced for resource modeling in tight shale gas reservoirs. High quality modeling will be used in conjunction with Shell's seismic data software and will allow drillers to realize the full potential of various plays.
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