Schlumberger acquires Techsia
Posted: 20 May 2009
Schlumberger has acquired the shares of Techsia SA, a supplier of petrophysical software based in Montpellier, France.
Techsia, well-known in the industry for its flagship Techlog product, will become the Schlumberger Petrophysics Software Center of Excellence for the development of state-of-the-art solutions for the oil and gas exploration and production industry.
"Techlog will form a powerful complement to the industry-leading Petrel earth model through an integrated approach to log and core petrophysical interpretation. This will be particularly valuable in enabling real-time workflows for well construction.
In addition, once operating in the Ocean environment, Techlog will feature the same level of open-platform capability as the rest of our new-generation products," said Tony Bowman, president of Schlumberger Information Solutions.
"We see this move by Schlumberger as recognition of the high-quality software developed by Techsia," said Stephanie Gottlib-Zeh, founder, president and chief executive officer of Techsia.
"Accessing the Schlumberger global sales and business development organization will directly allow Techlog to achieve greater market penetration and accelerate the realization of integrated workflows from the wellbore to the reservoir to change the game for reservoir management. I am convinced that the cultural fit between Techsia and Schlumberger will foster increasing innovation and create further opportunities."
Techsia, currently employing 53 people, will continue to operate under its own name.
Future product development will benefit from collaboration with a number of Schlumberger research and development centers that offer knowledge and expertise in geomechanics, well placement, production logging and fluid characterization.
In addition, the introduction of the Techsia Malcom© solution for the chromatographic analysis of fluid samples will be enhanced by the global reach of Schlumberger.
Posted by Richard Price, Editor, EnergyME.com
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