Schlumberger Acquires Integrated Exploration Systems

Schlumberger has acquired Integrated Exploration Systems (IES), a supplier of petroleum systems modeling software and services for the exploration and production industry.

IES specialises in the modeling of the generation, migration and entrapment of oil and gas using the software PetroMod. IES employs 40 people, most of whom are in Aachen, Germany.

The Aachen location will become a Schlumberger Center of Excellence for Petroleum Systems Modeling. IES expertise will be combined with WesternGeco and Schlumberger technology to give customers a fully integrated exploration service.

The company said the combination of surface seismic data with Schlumberger measurement technologies, integrated with petroleum systems modeling from IES and other risk management technologies, would lead to reduced uncertainties and enable customers to better manage their exploration risk.