CMG Signs Global Multi-Year Simulation Software Licensing Agreement

Executive Summary

• CMG entered a multi‑year software licensing agreement with Shell for its CoFlow™ suite, marking the transition of CoFlow from joint research to a commercial product.
• The deal leverages CMG’s reservoir and production simulation solutions, enabling Shell to integrate reservoir and surface models across its global asset portfolio.
• The partnership is presented as a major milestone that validates CMG’s technology and is expected to drive efficiency and enhanced decision‑making for Shell’s capital‑intensive projects.

Key Details

• Agreement Scope: Multi‑year licensing of CMG’s simulation solutions, including CoFlow™ (integrated reservoir‑production workflow) and other CMG software.
• Strategic Significance: Represents the culmination of a >10‑year development relationship; transitions CoFlow from joint research to full commercial product.
• Technology Benefits: Unified asset modeling, real‑time collaborative environment, elimination of manual data transfers, improved forecasting accuracy, faster decision cycles, and operational efficiency for Shell’s assets.
• CEO Quote: “Our partnership with Shell reflects years of scientific innovation… This agreement validates the technical excellence and strategic importance of CoFlow™…” – Pramod Jain, CEO, CMG.
• Geographic Reach: The solution will be applied across Shell’s global portfolio of complex, capital‑intensive assets.

Notable Quotes

“We are excited to enter this next phase of collaboration with Shell, helping them achieve their objectives in developing complex, capital‑intensive assets.” – Pramod Jain, CEO, CMG.