Petroleum Directory: Schlumberger, WesternGeco acquire Integrated Exploration Systems

Schlumberger said June 8 it has acquired Integrated Exploration Systems, the Aachen, Germany-based supplier of advanced petroleum systems modeling software and services for the exploration and production industry.

IES specialized in the modeling of the generation, migration and entrapment of oil and gas using PetroMod software, which Schlumberger said is used to “estimate undiscovered hydrocarbons in frontier basins,” mitigating exploration risks.

“The combination of IES expertise with WesternGeco and Schlumberger technology will … provide our customers with fully integrated exploration services,” said Dalton Boutte, WesternGeco president and Schlumberger vice president.

IES’s Aachen headquarters will become a Schlumberger Center of Excellence for Petroleum Systems Modeling.