CALGARY, Alberta--(BUSINESS WIRE)--Geomodeling Technology Corp., a leading provider of innovative software for the upstream oil and gas industry, today announced that Statoil is currently piloting the SBED modeling system with the aim of implementing this technology as a corporate standard for their “Multi-Scale” Model workflow. Successful studies by Statoil in some of their fields on the Norwegian Continental Shelf using this technology resulted in a significant increase in Improved
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