PRESS RELEASE

Blueback Reservoir announce the release of the Blueback Project Tracker

Stavanger, Norway (February 15, 2011) – Blueback Reservoir, a fast growing technology company specializing in providing Ocean* plug-ins and 3D geomodeling services for the global oil & gas
exploration and production industry, today announced the release of the Blueback Project Tracker plug-in for Petrel*.

The Blueback Project Tracker is a tool for data managers to track and monitor Petrel projects from all their Petrel users. The Blueback Project Tracker is accessible from outside Petrel and is a tool used by the data managers responsible for maintaining order and structure of the Petrel project files on the various network disks.

The Blueback Project Tracker provides extensive information about the Petrel project content and history. With a powerful and customizable search engine, the product lets you quickly identify data inconsistencies, duplications, reference project relations and changes over time. The Blueback Project Tracker is a powerful and much needed toolkit for controlling and managing an increasing number of Petrel projects scattered around your disks.

“The Blueback Project Tracker is an excellent software solution addressing problems, and often chaotic situations, with data management of Petrel projects. With the growing success of Petrel, the increasing amount of users and projects can quickly lead to data management issues. The Blueback Project Tracker has been designed to help data managers to get an overview of all Petrel projects, and to be in a position to implement suitable data management processes. The Blueback Project Tracker is a tool we believe most Petrel customers will benefit greatly from” – said Paul Hovdenak, Manager for the Blueback Reservoir Software Portfolio.

The new Petrel plug-in product is commercially available and will be ready for download on the Schlumberger Ocean Store  during the first week of release. Contact Blueback Reservoir for additional product information or for questions around installation and testing.

**Marks of Schlumberger