Baker Hughes Nederland Holdings to acquire equity in JOA on October 5, 2009 

JOA announced today that Baker Hughes Nederland Holdings BV, an indirect subsidiary of Baker Hughes Incorporated (BHI), has acquired a 40% equity in the company. Under terms of the agreement, BHI will license and have unlimited access to JOA’s  JewelSuiteTM software,  an integrated reservoir modeling tool that uses patented 3D gridding technology for building accurate reservoir models with ease. BHI will also fund a significant portion of the development required to incorporate some of BHI’s in-house engineering applications around the wellbore and its leading geomechanical technologies earlier acquired through GeoMechanics International (GMI). 

AAPG Annual Convention & Exhibition June 7 – 10th

PST attends the 2009 AAPG convention in Denver. PST publishes two articles on the convention. One topic is the tight sand reservoir fracture prediction and modeling in Xinchang Gas Field. And another is petroleum system modeling and analysis in Abu Sufyan Sub-basin , Sudan. 

CPS / SEG Conference & Exhibition on April 24, 2009  

PST attends CPS / SEG Beijing 2009 International Geophysical Conference and Exhibition in Beijing International Convention Center (BICC) on April 24, 2009.

The exchange of new technologies meeting held by CNPC on April 14, 2009  

PST Service Corp. is invited to participate in the exchange of new seismic interpretation and reservoir prediction technologies meeting held by CNPC. On the meeting PST introduces seismic inversion, fracture prediction and modeling technologies.

Advanced training of seismic inversion and reservoir prediction

PST in Beijing organizes a week-long reservoir inversion advanced technical training. The training aims to enhance reservoir inversion concept and understanding of the process to determine the reservoir prediction research work processes and improve reservoir prediction skill level and work efficiency.