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Tuesday, March 20, 2012
NEWS RELEASE
OPTIMIZATION PETROLEUM TECHNOLOGIES SOFTWARE SELECTED BY NIGER DELTA EXPLORATION & PRODUCTION, PLC
HOUSTON (March 19, 2012) –Optimization Petroleum Technologies (OPT), an industry leader providing integrated oil and gas reservoir and production engineering analysis software and consulting services, announces the selection and license sale of the company’s PEOffice® suite of software by Niger Delta Exploration & Production, PLC (NDEP) for overall reservoir and production analysis. The license sale to Niger Delta Petroleum is OPT’s first to an oil & gas producer on the African continent.
PEOffice, OPT’s integrated product suite, is an easy-to-use, petroleum engineering software application providing advanced visualization of oil and gas reservoirs production analysis and well design.
In addition to the software suite, OPT also provides: PEOffice-related implementation and training services, custom software development, petroleum engineering outsourcing and traditional petroleum engineering consulting that includes integrated field studies, field development scheme adjustment and reservoir simulations.
“Acquiring and using PEOffice will allow us to up our game in this ever challenging and increasingly complex arena of the digital oil field”, says Edirin Abamwa, Chief Engineer for Niger Delta E&P.
"We are very pleased that Niger Delta E&P chose to license PEOffice for their production optimization studies,” said Jacoby Garcia, Vice President of Worldwide Sales for Optimization Petroleum Technologies (US). "Independent producers worldwide are hungry for affordable reservoir or production engineering software applications that are easy-to-use. OPT is confident that PEOffice will be one of the fundamental vehicles to enable Niger Delta E&P to reengineer and reposition themselves in the Gulf of Guinea.”
About NigerDelta Exploration & Production, PLC.
Niger Delta Exploration & Production, PLC (NDEP) and its subsidiaries, Niger Delta Petroleum Resources Limited, ND Gas Development Company Limited and ND Properties Limited were established to pursue and exploit oil and gas related investment opportunities in Nigeria. Since 1996, NDEP and its predecessors and subsidiaries have become one of the leading, locally owned and funded, independent operators of small to medium oil fields in Nigeria. As of 2011, NDEP has had six years of continuous and uninterrupted oil production of more than six million net barrels. NDEP is socially responsible to its internal and external stakeholders and the environment. NDEP is poised for greatness through its adherence to best practices and commitment to social responsibility.
About Optimization Petroleum Technologies, Inc
Optimization Petroleum Technologies (OPT) is an industry leader providing integrated oil and gas reservoir and production engineering analysis software and technological solutions. OPT opened an office in Houston, Texas, USA in 2009 to expand its oil & gas focused products and services outside of its China-based home market, where OPT also offers a Chinese version of its PEOffice suite of software.
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FOR MORE INFORMATION:
Jacoby Garcia, Vice President of Worldwide Sales for Optimization Petroleum Technologies (US)
713-410-6615
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