Computer Modelling Group Ltd.

We combine science and technology with deep industry expertise to solve complex subsurface and surface challenges around the world #oilandgas

[Bluware, a CMG Company @BluwareCorp]

Our latest blog explores how bias becomes a positive enabler in interactive deep learning for seismic interpretation—shaping models with the expertise of geoscientists, ensuring more accurate and meaningful interpretations. https://t.co/HG0X9EjdK6

[Offshore Energy - Fossil Energy @offshoreenergyt]

Sval Energi has selected a comprehensive carbon capture and storage (#CCS) solution developed by @CMG_software for one of its #CO2 transportation and storage projects in the Norwegian North Sea.
#NorthSea #C02transport #energy #fossilenergy

https://t.co/7hl1DlYION

[Computer Modelling Group Ltd. @CMG_software]

The energy industry still suffers from having too many silos — a problem that is very real when it comes to connecting surface and subsurface teams. There is technology (and it’s not new) that can be used to unsilo the teams, but the problem is it’s not being used as widely as it should.

We’re talking about Integrated Production System Modelling (IPSM) which can help to seamlessly connect surface and subsurface teams, enabling a more holistic view of a project from end-to-end.

And perhaps most importantly, IPSM (also called Integrated Asset Modelling or Management (IAM) or Integrated Production Modelling (IPM)) provides one, single source of data which all teams have access to, and can use.

To dive deeper into how exactly IPSM reduces siloes, enables innovation, and creates opportunities for growth, we hosted a roundtable discussion on the topic with leading industry experts, including:

• David Reid, Senior Vice President, Subsurface and Development Deepwater, Shell
• Justin L., Technical Manager, Enterprise AI, Chevron
• Roberto Motta Gomes, Reservoir Manager, Petrobras
• Pramod Jain, CEO, Computer Modelling Group (CMG)

These leaders say the time is now for the industry to begin using IPSM as a tool to create more synchronous and efficient surface and sub-surface collaboration.

Download the report ➡️ https://t.co/5YcXa5Akn8

#oilandgas

[Computer Modelling Group Ltd. @CMG_software]

https://t.co/EWZF0q1GKa

[Computer Modelling Group Ltd. @CMG_software]

“Bring yourself to a 1% improved version every day, and you will witness a 37x improvement in one year." This quote from a past leader is a guiding principle for me. I believe consistent atomic changes drive mega results. And I’m proud of the team at Computer Modelling Group for remaining committed to this mentality and our strategy as we report our third-quarter earnings today.

This quarter, it’s important to note we made changes to our financial reporting to reflect our evolving business strategy and present the first full quarter of performance from Bluware. We are now reporting two operating segments: Computer Modelling Group (CMG), which has a 40+ year history in simulation, and now Bluware (BHV), which we recently acquired. This allows our stakeholders to understand the performance of our existing CMG business and our acquisitions independently. It mirrors how I think about the business and evaluate the progress of our CMG strategy.

CMG Group (both CMG and Bluware) third-quarter revenue increased by 70% year over year, and we generated strong Free Cash Flow of $7.7M. We continue to see the importance of energy transition in the market, with 22% of software revenue from this stream.

Our goal remains to foster long-term, sustained, and durable growth. Our journey to date has been significant, and there’s much more ahead. I express my deep gratitude to the dedicated members of our team, who consistently rise to the challenge as we all strive to surpass our own expectations.

I encourage you to read the full financial report and my letter to shareholders to learn more, link is in the comments. - Pramod Jain

[Computer Modelling Group Ltd. @CMG_software]

Rising energy demands pose a unique opportunity for the infill development in #shale plays. But given their high cost and rapid decline, successful infill development plans hinge on quick and accurate assessment of complex reservoir behaviours.

❗ The dilemma - methods that prioritize speed often compromise accuracy, while methods that prioritize accuracy tend to trade off speed. 
​ 
💡 The solution – CMG’s innovative physics-based data analytics technology, #ShaleIQ. 
​ 
​ShaleIQ is a pivotal solution, seamlessly blending physics and AI technology to revolutionize production forecasting. This patented technology incorporates neural network models trained with data from thousands of numerical simulations, capturing detailed insights on the behaviours and effects of complex reservoir phenomena and mechanisms. 
​ 
​ShaleIQ's high-speed capabilities empower you to stay ahead in the industry, unlocking the full potential of shale assets. 
​ 
​Learn more about ShaleIQ ⤵: https://t.co/bin1mfhWlB

[Computer Modelling Group Ltd. @CMG_software]

We’re excited to share that the new website is now live! This revamped digital space is reflective of our transformation as the bold, tech-forward organization that is committed to delivering innovation to the energy industry.

With an improved user experience and modern interface, you can easily find all available training, case studies, and technical papers in the main navigation under Resources.

Visit the refreshed website here ⤵ https://t.co/Jrl5maNHT7

[Computer Modelling Group Ltd. @CMG_software]

As part of the 2023 Fall Economic Statement, the Government of Canada reaffirmed it will finance clean economy investment tax credits for carbon capture, utilization, and storage, following through on previously announced subsidies.

This comes on the heels of conversations by global energy leaders who gathered in London earlier this month for the Financial Times Energy Transition Summit where incentives and #CCS were discussed as one of the key elements in accelerating energy transition in support of global net zero goals.

Additional insights on how the industry can move the needle on energy transition are featured in our latest article on Accelerate.

Read more ⤵️

https://t.co/OTHNT7aBCh

[ABB Energy Industries @ABB_Energy]

#ABB Energy Industries President Brandon Spencer, was live @SquawkBoxEurope this morning to talk with @cnbcKaren and @ArabileG about the #EnergyTransition and partnership with @CMG_software as part of our CCS end-to-end solution.

#ABBenergyindustries #Innovation #CarbonCapture

[Computer Modelling Group Ltd. @CMG_software]

Today we are pleased to announce a partnership with global technology leader @ABB_Energy to integrate CMG’s subsurface simulation technology into ABB’s digital twin platform for commercial carbon capture and storage (CCS) operations.

“This partnership brings together two powerful technologies to develop a solution to support the intelligent, real-time operational decision-making required to make carbon storage a success at scale. Advanced subsurface modelling is necessary to assess and monitor risks of CO2 injection against various operating scenarios and is critical to the safety, feasibility and scaling of carbon capture and storage projects.” – Pramod Jain, CMG CEO

Read the press release ⤵️
https://t.co/NmL64GYNA3

[Computer Modelling Group Ltd. @CMG_software]

Attending ATCE 2023 in San Antonio this month?

Join us for our live Tech Talk as Pramod Jain, CEO of CMG, and David Reid, SVP, Subsurface and Development Deepwater of Shell, discuss the relevance and importance of Integrated Production System Modelling (IPSM) for successful energy projects.

Monday, October 16, 2023 | 1:30pm CDT
SPE Energy Stream Studio at the Henry B. Gonzalez Convention Center
San Antonio, Texas

[SPE International @SPEtweets]

Join Computer Modelling Group & Co-presenter Shell to explore the benefits of Integrated Production System Modelling (IPSM)! Discover how IPSM ensures reliable & robust forecasts, optimizing facility operations for maximum value.

https://t.co/1wSN3xlDuZ

#SPEtechtalk #Energy

[Computer Modelling Group Ltd. @CMG_software]

It has been a great couple of days at #ADIPEC2023. As Day 3 of the conference approaches, join our team at Stand 12302 in Hall 12 to learn more about how we address the goal of advancing global decarbonization.

#EnergyforToday #EnergyforTomorrow

[Computer Modelling Group Ltd. @CMG_software]

We are thrilled to have our CEO leading the way with a wave of positive energy to the Houston office. Welcome aboard! 🚀🌟

[Bluware, a CMG Company @BluwareCorp]

Pramod Jain, Chief Executive Officer of @CMG_software and now @BluwareCorp, visited our #Houston office this week to give us a warm welcome to the CMG team!

[Computer Modelling Group Ltd. @CMG_software]

We are thrilled to announce we have acquired @BluwareCorp, a software and services company specializing in cloud and interactive deep learning solutions for subsurface decision-making including seismic interpretation.

“With Bluware, we are building on our expertise in cloud delivery, advanced technologies, and data management which allows us to deliver improved workflows and collaboration with increased speed, performance, and accuracy,” says Pramod Jain, CEO, CMG.

Read the press release: https://t.co/AUpuktaTZA

[Bluware, a CMG Company @BluwareCorp]

Today, we join @CMG_software as a wholly owned subsidiary. CMG’s acquisition of @BluwareCorp will bring together differentiated technologies & expand product offerings to add value to energy customers.
https://t.co/2WZcyPfpZE

[DGH @DghIndia]

@Secretary_MoPNG leading the One on One engagement with Senior officials from @CMG_software during the 24th World Petroleum Congress in Calgary, Canada on 18th September. #WPC2023 #oilandgas #e&p #opportunities @PetroleumMin @DghIndia @fipiind @ONGC_ @OilIndiaLimited