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CMG Signs Global Multi-Year Simulation Software Licensing Agreement
Globenewswire· 2025-11-10 11:55
Core Insights - CMG has entered into a multi-year software licensing agreement with Shell for its CoFlow simulation solutions, marking a significant milestone in their long-term collaboration [1][2] - The agreement transitions CoFlow from a joint research initiative to a fully commercial software product, enhancing decision-making and operational efficiency for customers [2][3] Company Overview - CMG is a global software and consulting company focused on solving complex subsurface and surface challenges in the new energy industry, with headquarters in Calgary and offices worldwide [6] CoFlow Features - CoFlow integrates reservoir and production simulation workflows, allowing multidisciplinary teams to work on a shared digital asset representation, leading to more accurate forecasts and improved field performance [3][8] - Key features include intelligent synchronization between reservoir and production systems, real-time data consistency, elimination of manual data transfers, and simplified complex workflows for engineers [8]