FEI Launches PerGeos Software for Oil and Gas Exploration and Production

HOUSTON, Jan. 19, 2016 (GLOBE NEWSWIRE) -- FEI (NASDAQ:FEIC) today announced the release of PerGeos™, the industry’s first comprehensive digital rock software that helps geoscientists rapidly interpret and model digital rock imagery so that exploration & production (E&P) engineers can obtain meaningful, actionable data quickly and easily.

PerGeos provides a better understanding of formation features and physical property of reservoir rock. Multi-scale, microscopic imagery and advanced digital rock modeling provides the only direct measurement for analyzing critical structural characteristics and physical properties, such as grain size, pore space and connectivity. Using PerGeos, core analysts, geologists and petrophysicists can integrate data from multiple sources and share descriptions and statistics using a common platform. It features automated workflows, high-powered image processing algorithms and a user-friendly interface.

“Oil companies work with and analyze a bewildering array of image data types and formats when trying to understand the physical characteristics of reservoir rock, how those characteristics relate to the potential value of a reservoir, and relate those observations to the production techniques required to optimize that value,” said Mark Bashforth, general manager of FEI’s Oil and Gas business. “This information can now be managed digitally through PerGeos, via a collaborative workspace to create and share a common rock model much faster than using traditional core analysis methods.”

Bashforth adds, “This is very important for reservoir engineers awaiting these critical inputs, such as capillary pressure, porosity and permeability, for their geomodels; knowledge of these properties helps asset managers visualize and understand the ultimate potential recovery of a reservoir, thereby improving their estimates of reserves and overall production-related CapEx investments.”

The initial PerGeos release consists of three modules: petrophysics, pore statistics and core profile. Each module is designed to help users make statistical observations about the sample as it relates to their specific function, and then allows them to transfer this knowledge to a digital environment for interactive assessment by the entire asset team. This is a unique feature that provides cross-discipline collaboration, and enables all users to gain a common understanding of how the rock models are created – an important aspect in validating and understanding the contributors to reservoir viability and producibility.

PerGeos is the newest addition to our broad portfolio of digital rock technology and services that includes advanced microscopy instrumentation, visualization and analysis software, and imaging, modeling & simulation expertise. For more information about PerGeos, please visit www.pergeos.com.

About FEI

FEI Company (Nasdaq:FEIC) designs, manufactures and supports a broad range of high-performance microscopy workflow solutions that provide images and answers at the micro-, nano- and picometer scales. Its innovation and leadership enable customers in industry and science to increase productivity and make breakthrough discoveries. Headquartered in Hillsboro, Ore., USA, FEI has over 2,800 employees and sales and service operations in more than 50 countries around the world.

FEI’s digital rock solutions include a complete portfolio of advanced imaging systems; visualization software; and analysis, interpretation and modelling services at its Digital Rock Lab in Houston. FEI helps its customers explore reservoir rock to understand how lithology, porosity, wettability, mineralogy, connectivity, permeability and microporosity impact fluid flow and reservoir behavior. FEI’s high-end software solutions range from 3D components for application developers (Open Inventor®) to advanced 3D visualization software (Avizo® and PerGeos). More information can be found at: www.fei.com.

FEI Safe Harbor Statement

This news release contains forward-looking statements that include statements regarding the performance capabilities and benefits of the PerGeos solution. Factors that could affect these forward-looking statements include but are not limited to our ability to manufacture, ship, deliver and install the tools, solutions or software as expected; failure of the product or technology to perform as expected; unexpected technology problems and challenges; changes to the technology; the inability of FEI, its suppliers or project partners to make the technological advances required for the technology to achieve anticipated results; and the inability of the customer to deploy the tools or develop and deploy the expected new applications. Please also refer to our Form 10-K, Forms 10-Q, Forms 8-K and other filings with the U.S. Securities and Exchange Commission for additional information on these factors and other factors that could cause actual results to differ materially from the forward-looking statements. FEI assumes no duty to update forward-looking statements.

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MindWrite Communications, Inc.
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FEI					 
Jason Willey (investors and analysts)		
Sr. Director, Investor Relations & Corporate Development			 
+1 503 726 2533		 
[email protected]