SMT Announces Global Software Agreement With India`s Oil and Natural Gas Corporation (ONGC)

- ONGC Signs Agreement for SMT KINGDOM Software -
HOUSTON & NEW DELHI--(Business Wire)--
SMT announced today that it has signed a new software agreement with India`s Oil
and Natural Gas Corporation (ONGC). This agreement will significantly enhance
ONGC`s subsurface analysis capabilities by complementing their existing
geological and geophysical technology with SMT`s full suite of KINGDOM software.

"ONGC decided to purchase SMT`s KINGDOM software not only because it is easy to
use, but also because of its ability to co-exist with the legacy software we are
currently using. This agreement will provide high-end geoscience to our highly
distributed interpreters, while still providing the portability of Windows based
computing," said Dinesh Kumar Pande, Director Exploration, ONGC (India).

The purchase of KINGDOM comes at a time when ONGC is rapidly increasing its
focus on oil and gas exploration. ONGC has established 6.60 billion tons of
in-place hydrocarbon reserves with more than 350 discoveries of oil and gas.
Ultimate Reserves for in-place hydrocarbons in domestic acreages are 2.36
Billion Metric tons of Oil and Oil Equivalent Gas. In addition, ONGC is
increasingly entering into relationships with foreign NOCs for joint exploration
via ONGC Videsh Limited (OVL), a wholly owned subsidiary of the Company. OVL,
which runs KINGDOM software, has projects spread out across Vietnam, Russia,
Sudan, Iraq, Iran, Libya, Myanmar, Syria, Qatar, Egypt, Cuba, Nigeria Sao Tome
Principe, Brazil, Nigeria and Columbia.

These ONGC operations will help India, with rapidly increasing demand for fuel
but historically limited hydrocarbon supplies, become more energy independent.
In addition, SMT KINGDOM`s ability to bring advanced geoscience capabilities to
analyze a wide variety of basin types will help ONGC scientists make better
exploration decisions.

"SMT is very pleased to expand our strategic relationship with ONGC,"said Arshad
Matin, President and CEO, SMT. "ONGC`s decision to commit to a multi-year
agreement for SMT software and services demonstrates that KINGDOM is an
excellent fit for large, international National Oil Companies."

As a result of this agreement, SMT will offer a complete solution for ONGC
including training 200 geoscientists on both interpretation best practices and
KINGDOM software in six Indian cities. The flexibility of Windows-based KINGDOM
will enable those geoscientists working in remote offices to manage advanced
interpretations using Windows workstations - or even from their laptops. SMT
will offer a total solution to ONGC, which will also include mentoring and
services.

Historically, ONGC geoscientists have largely relied on UNIX-based platforms to
perform their interpretation workflows. With the rise of high performance
Windows based geoscientific capabilities, ONGC can now provide ubiquitous access
to seismic software. With SMT and its use of advanced PC performance
capabilities like multi-threading, 64-bit processing and the Graphical Process
Unit, ONGC will provide its geoscientists widespread adoption of interpretation
software - without sacrificing their high-end performance needs.

The Suvira Group (www.suvira.com) is the local business partner for SMT in
cementing their relationship with ONGC. The Suvira Group is a project
management, marketing and sales organization with a presence in the US and
offices in all the major hubs in India.

About ONGC:

Oil and Natural Gas Corporation Limited (ONGC) (incorporated on June 23, 1993)
is an Indian public sector petroleum company. It is a Fortune Global 500 company
ranked 335th, and contributes 79% of India's crude oil production and 81% of
India's natural gas production. It is the highest profit-making corporation in
India. It was set up as a commission on August 14, 1956. Indian government holds
74.14% equity stake in this company. ONGC is engaged in exploration and
production activities. It is involved in exploring for hydrocarbons in 26
sedimentary basins of India. It produces about 30% of India's crude oil
requirement. It owns and operates more than 15,000 kilometers of internal
pipelines in India.

About SMT:

Seismic Micro-Technology, the market leader for Windows-based geoscientific
interpretation, helps organizations find oil and gas faster. The company`s
KINGDOM software allows geoscientists to focus on the analysis, not on managing
the tools. SMT software enables intuitive interpretation, validation, risk
reduction and data management, in one integrated executable. Customers can
install and interpret data in the same day. With 2,500 customers in 85 nations,
SMT has demonstrated performance proven to scale. SMT is headquartered in
Houston, Texas with offices in Bogota, Calgary, Croydon (UK), Moscow and
Singapore. For more information, visit www.seismicmicro.com.

SMT
Pamela Griffin, +1-713-444-6409
pamela@griffinglobal.net
or
Houston Alliance/Greater Houston Partnership
John Roper, +1-713-513-9505
john.roper@fleishman.com

Copyright Business Wire 2009