PRESS RELEASE

BLUEBACK RESERVOIR ANNOUNCE THE RELEASE OF THE BLUEBACK PROJECT TRACKER PLUG-IN FOR PETREL* VERSION 2.0

Stavanger, September 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* version 2.0.

The Blueback Project Tracker is a plug-in for Petrel 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 release of the Blueback Project Tracker v2.0 has a series of upgrades and improvements based on user feedback. In addition, this release presents a new module facilitating integration of the Blueback Project Tracker database with ESRI ArcGIS**. The module, named Spatial Extension, provides tools to visualize the findings in the Blueback Project Tracker database. By using ESRI ArcGIS to display mispositioned Petrel data, data duplications and project outlines, together with cultural data like coast lines and license boundaries, Petrel data managers can quickly take action when errors are detected. The visualization is also of great help when streamlining project management processes.

“The Blueback Project Tracker has had a fantastic reception in the market since its first release in February this year. The feedback from our customers is encouraging, and the Blueback Project Tracker has proven to be an excellent tool for better controlling and monitoring Petrel projects across the network disks. The new integration with ESRI ArcGIS adds the ability to quickly visualize the findings of the Blueback Project Tracker” – said Paul Hovdenak, Manager for the Blueback Reservoir Software Portfolio.

The Petrel plug-in product is available for download on the Schlumberger Ocean Store. Contact Blueback Reservoir for additional product information or for questions around installation and testing.

*Mark of Schlumberger. **Mark of ESRI