JOA Oil and Gas has announced that Baker Hughes Netherland, an indirect subsidiary of oilfield services giant Baker Hughes International (BHI), has acquired a 40 per cent stake in the software development company.

Under the terms of the agreement, Baker Hughes will be given authority to license JOA's JewelSuite geological mapping and modelling simulator.

Gerard de Jager, chief executive officer of JOA Oil & Gas, commented: "We are in the process of training BHI's consulting groups and we expect that they will be providing us with even more input to future development, while simultaneously showcasing JewelSuite's strengths to clients."

The JewelSuite software utilises unique patented 3D gridding algorithms to offer a step-change solution to integrated reservoir modelling.

The product is also supported by an in-house training and development programme covering an introduction to the software, an overview of basic modelling procedures and an advanced training course focused on utilising JewelSuite's software development kit.

Oil and Gas Directory: Training and Development