Collecting and Analyzing Big Data for O&G Exploration and Production Applications October 15, 2013 G&G Technology Seminar

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1 Eldad Weiss Founder and Chairman Collecting and Analyzing Big Data for O&G Exploration and Production Applications October 15, 2013 G&G Technology Seminar

2 About Paradigm , M+ $1B Global customers supermajors, NOCs, independents Years dedicated to the E&P industry Knowledge employees worldwide Offices in 24 Countries R&D centers around the globe Active Seats Average years of experience with Top 20 customers Software licensing annual revenues Acquired by Apax Partners, August

3 Typical Offshore Drilling Operation Up To 4.0 Miles Deep Water Drilling Up To 2.8 Miles Exploration And Production Is Complex And Mission-Critical To Energy Providers RESERVE REPLACEMENT CHALLENGE EXPENSIVE EXPLORATION World Liquid Fuels Daily Consumption Rate (1) (Million of barrels per day) Unconventional Oil Natural Gas Liquids Existing Oil Fields Oil Fields to be Found Oil Fields to be Developed E 2020E 2025E 2030E 2035E Drilling a single, complex well can cost $100+ million Annual E&P spend of $529 billion Software represents a small portion of total E&P spend Water INCREASED E&P COMPLEXITY DATA EXPLOSION More remote and deeper onshore and offshore reserves Unconventional plays including deep water, sub-salt, and shale Increased concern for environmental safety and regulatory compliance Rig Operations Data GIS / Maps Seismic Data Production Data Petabytes of manageable data Well Logs Core Samples Ocean Floor Geophysical Data Microseismic Data Oil & Natural Gas (1) Source: International Energy Outlook

4 E&P 2012 Spending to approach $600B up 10% from the previous record of $544B in 2011 Oil and natural gas companies face a number of increasingly complex challenges as they seek to uncover and develop natural resources to fuel increasing demand E&P Capital Spending ($Billions) $900 United States $800 Canada $700 Outside North America As a result of increasing efforts and complexity in E&P, overall E&P spending is projected to continue to rise $600 $500 $400 Capital Expenditures $300 $200 $100 Actual Estimates $ (1) Source: Company data and Barclays Capital estimates, December (2) Aggregate capital expenditures of the top 10 integrated oil and gas companies by market capitalization, which includes: Exxon Mobil Corporation, PetroChina Co. Ltd., Royal Dutch Shell plc, Chevron Corporation, Petroleo Brasileiro, BP plc, Gazprom Open Joint Stock Company, Total SA, China Petroleum & Chemical Corp., and ConocoPhillips. Projection for future periods per Wall Street consensus median and beyond estimated based on current trajectory. 4 Multi-Billion Dollar Market With Favorable Dynamics

5 Long-Term Demand For Natural Resources Continues To Rise Worldwide Liquid Fuels Daily Consumption Rate Worldwide Natural Gas Production (Million of barrels per day) (Trillion cubic feet) Unconventional Oil Natural Gas Liquids Oil Fields to be Found Oil Fields to be Developed Existing Oil Fields E 2020E 2025E 2030E 2035E A 2015E 2020E 2025E 2030E 2035E Unconventional Conventional Due to global economic growth, both liquid fuel and natural gas exploration and production are expected to increase Due to limited known and existing reservoirs, E&P operators are increasingly exploring unconventional and complex locations for natural resources 5

6 E&P Software And Services Is A Multi-billion Dollar Industry Current World E&P Software & Related Services Spending (1) 2012E World E&P Spending (2) ($US Millions) Total E&P Spending $600B $3,000 $2,618 $2,650 $2,687 $2,805 $2,700 $2,400 $2,100 Total E&P Software & Services Spending $2.8B ~$600B $1,800 $1, A 2010A 2011A 2012E Advanced geoscience software is vital to reduce unnecessary costs and to optimize production The market for E&P software is driven by a number of key trends Increased demand for a limited supply of natural resources Increased E&P spending, including in unconventional reservoirs Technological advancements that have enabled analysis of existing geoscience and related data Lack of qualified geoscientists (1) Source: The Pohlman Report, Geoscience Workstation Market Survey 2011/12. (2) Source: Barclays Capital's E&P Spending Update, June

7 Solutions that Span the Entire E&P Life Cycle Explore Appraise Develop Produce

8 E&P Asset lifecycle Phases Of E&P Asset Lifecycle Basin Evaluation Prospect Generation Discovery and Appraisal Development & Production Enhanced Oil Recovery & Abandonment Data Administration Search for new hydrocarbon reservoir Expand existing reservoir across a basin Develop prospects Prepare well proposals for review and ranking Conduct appraisal drilling Develop drilling plans Monitor production Optimize process Establish secondary recovery plans as flows diminish Plan for abandonment over time Preserve data throughout the asset s life cycle Prepare data for further studies and/or audits 8

9 Data intensive industry $10B annual spending on data collection; currently accessible and archived data totals petabytes and adding about 6-10 petabytes/year Advanced tools and data collection techniques have increased the quality and volume of seismic data available to E&P operators, including 3D and 4D seismic, multi-component, and micro-seismic data 9 Multi-Billion Dollar Market With Favorable Dynamics

10 Data Sources Need to Analyze Disparate Data Sets at whole basin and single play resolution Recently Acquired Seismic Data Legacy Seismic Data 4-D Seismic Data Well Logs Data From Appraised Wells Production Data Mud Logging 3-D Seismic Data Multi-Component Data Data From Intelligent Completions Core Samples Digital Rock Petrophysical Data GIS (Maps) LWD / MWD Rig Operations Data Microseismic Data Integration of real-time data and multiple data sources has changed the interpretation and modeling process and expanded interpretation and modeling capabilities Improved data management technologies, as well as the availability of increased bandwidth, enables real-time analysis and collaboration worldwide 10 Multi-Billion Dollar Market With Favorable Dynamics

11 11 The E&P Data Analysis workflow Advanced software solution, fully-integrated with O&G companies, critical to optimize E&P process to accurately and cost-effectively locate new resources and optimize production from existing reservoirs Data / Input Analytics / Processing 2D / 3D Outputs Terabytes of raw operating data Utilizes proprietary algorithms to process and analyze data to model geological details of reservoirs Generates 2D and 3D outputs to help geologists identify and interpret new and existing reservoirs Field Data Mathematical Algorithms Seismic Data Satellite Data Well Data Processed Data Geological Models Production Data Images Geographical Data Feedback + Optimization Geophysical Data Epos Operating System Customers Petrochemical Data Products operate on Paradigm Epos a proprietary operating system for managing data used for exploration and production decisions

12 Iterative work process HIGH PERFORMANCE COMPUTING Seismic Data 2D, 3D, 4D DATA ANALYSIS VISUALIZATION, INTERPRETATION, & MODELING Massive parallel processing driven by increased availability of multicore processors enables analysis with larger volumes of data in shorter intervals

13 Target objectives for GeoScience Analysis SHALE PLAYS and FRACTURE RESERVOIRS Determine orientation, intensity, connectivity of stress/fractures SUB SALT SUB BASALT Resolve illumination, complex wave pathing, multiple wave issues DEEP STRUCTURES CONVENTIONALS & DEVELOPMENT FIELDS OVER PRESSURED FIELDS Exploit wide azimuth data, resolve low signal-to-noise ratios Use seismic amplitudes for fluid, property and facies determinations Develop high resolution vertical velocity models

14 Upstream Data Management Model Provides a secure, multi-user, multi-project, multi-projection infrastructure and data management environment Light and scalable architecture easily supports customers of all sizes 9 Seamless transition from other software vendors 1 Real-time collaboration & sharing across the globe 2 Real-time collaboration across Windows & Linux 3 Multi-user, multiproject environment 8 Easily supports customers of all sizes 4 Distributed databases support extensive data storage 7 Dedicated third-party services for interoperability with third-party databases 6 Dynamic and extensible development kit for outside parties to access Epos data and applications 5 User permission and access control tools optimize data security Best-Of-Breed Product Offering Spanning The Entire E&P Lifecycle 14

15 Multi domains / Multi disciplines Process Phases Of E&P Lifecycle Explore Appraise Develop Geophysics Seismic Processing & Imaging E&P Software Domains Produce Geology Interpretation & Modeling Petrophysics Reservoir Characterization Rockphysics Reservoir Engineering Well Planning & Drilling Engineering Reservoir Engineering Drilling Engineering Data Management & Interoperability Paradigm Epos 15 Production Engineering

16 Seismic Processing & Imaging Basic PSDM Pre Stack Depth Migration Paradigm In-Situ Imaging ES 360 Processes and transforms hundreds of terabytes of field data into hi-resolution images

17 Interpretation and Modeling From regional scale to prospect scale, from seismic scale to geological scale, multi survey with a shared visualization scene Empowers users to analyze relationships among a broad variety of data sets and develop virtual models 17

18 Reservoir Characterization & Petrophysics Delineates and characterizes oil & natural gas reservoirs using geological, geophysical and petrophysical data Provides a full continuum of reservoir characterization, modeling and risk assessment solutions to accelerate and optimize work in mature fields 18

19 Reservoir Modeling and Engineering Evaluate Reserves and Optimize Production Models the spatial distribution of critical oil and gas reservoir properties Equips reservoir engineers with decision support tools to assess reserves, forecast production, and optimize field development 19

20 Well Planning and Drilling Engineering Improve well placement accuracy and drilling safety. Reduce drilling risk and time to simulation Advanced recover of gas shale plays with real-time geo-steering 20

21 Thank You 21

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