Newfield Exploration Company Selects Paradigm Geolog

Integrated software suite adopted as corporate standard for well log and petrophysical analysis


GEORGE TOWN, Cayman Islands, Jan. 19  /PRNewswire/ -- Paradigm(TM) (http://www.pdgm.com/), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced today that Newfield Exploration Company (NYSE:NFX) has selected Paradigm(TM) Geolog® as its chief application for well log and petrophysical analysis. The suite will provide Newfield with advanced petrophysical analysis tools, high-end presentation graphics, and flexible modularity combined with an easy-to-use environment.

"We selected Geolog because it allows us to enhance our reservoir description capabilities within a single software environment, eliminating the time delays often associated with data conversion and transfer," said Dick Merkel, senior petrophysicist at Newfield. "The ability to share one petrophysical product between office locations provides considerable advantages in both time and cost."

The Geolog suite's extensive application integration improves process time and data integrity preservation by allowing users to seamlessly migrate datasets across tasks. The suite is designed to handle entire workflows in one integrated environment and enables users to ensure that all available data is analyzed.

"Our goal is to provide our clients with a clear competitive advantage through the successful application of efficient, sophisticated technology," said Serge Sauvagnac, Paradigm vice president, USA. "We believe that the integration of Geolog into their company workflows will provide Newfield with faster and more detailed reservoir analysis. Paradigm looks forward to working with Newfield and supporting its long term E&P goals."

For more information on Paradigm products and services, please visit http://www.pdgm.com/, or e-mail .

About Paradigm(TM)

Paradigm Ltd. (http://www.pdgm.com/) is an industry leader in digital subsurface asset management, serving oil and gas companies worldwide. Paradigm technology solutions for seismic processing and imaging, interpretation and modeling, reservoir characterization and petrophysics, and well planning and drilling operate in an open environment to accelerate results. Paradigm has a global network of sales, consulting and support.

The following are trademarks or registered trademarks of Paradigm Ltd. or of its affiliates (collectively, "Paradigm"): Paradigm(TM), Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners. Please read the Paradigm notice on forward-looking statements.

About Newfield Exploration Company

Newfield Exploration Company (NYSE:NFX) is an independent crude oil and natural gas exploration and production company headquartered in Houston, Texas. The company's domestic areas of operations include the Mid-Continent, the Rocky Mountains, onshore Texas and the Gulf of Mexico. Its international areas of operation include offshore Malaysia and China.

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