OilVoice - Petroleum Agency SA Selects SMT to Explore Deepwater South Africa

Petroleum Agency SA Selects SMT to Explore Deepwater South Africa

Friday, May 30, 2008

SMT, the leader for Windows-based geophysical and geological interpretation software, today announced that the company's flagship product, KINGDOM™, will be used to explore deepwater Africa.

Commenting on the announcement, David Van de Spuy, Resource Evaluation Manager of the Petroleum Agency SA, said, "Our organization chose SMT's KINGDOM as our primary offshore exploration software after researching and reviewing several other industry options. We chose SMT because the company's software is not only user-friendly and economical, but it is also easily adaptable to our specific needs, including the user interface."

"Africa continues to be a hotbed for new exploration. In fact, SMT's recent survey of geoscientists indicates that nearly half of those surveyed believe that 5 BBOE or more will be extracted from Deepwater Africa in the coming years," said Ken Gardiner, VP of SMT's EAME Operations. “With this level of growth, SMT recognizes the need to provide our global customers with the best solution and ensure fast and efficient productivity.”

The Petroleum Agency SA will use KINGDOM on all of its projects for the Orange basin, Outeniqua basins and Durban Zululand basins—a vast area equaling nearly 1.1 million square kilometers offshore South Africa. In an effort to promote the commercial potential of the country’s natural oil & gas resources, the Agency provides prospecting maps and information for investors to review and consider exploration opportunities.

Petroleum Agency SA
The Agency is a South African government appointed company that promotes, regulates and gathers data for oil and gas exploration and maintains the information in a resource library. The Agency is an authority on oil and gas exploration and production in South Africa and the surrounding waters. They are the official liaison to investors and the South African government.