Computer Modelling Group: Difference between revisions

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{{More citations needed|date=November 2019}}{{Infobox company

{{Short description|Software company in Canada}}

{{More citations needed|date=November 2019}}{{Infobox company

{{Infobox company

| name = Computer Modelling Group Ltd.

| logo =

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| ___location = [[Calgary]], [[Alberta]], Canada

| locations = 7

| area_served = worldwideWorldwide

| key_people =

| industry = Oil and gas

| products = Reservoir simulation software

| services = Training, Consulting, Reservoir Simulation Software development

| revenue = [[Canadian Dollar|C$]]84.86 million (2015)<ref name=GoogleFinance>{{cite web|title=Financial Statements for Computer Modelling Group|url=https://www.google.com/finance?q=TSE:/quote/CMG&:TSE?fstype=ii|publisher=Google Finance|access-date=7 August 2016}}</ref>

| operating_income =

| net_income =

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'''Computer Modelling Group Ltd.''', abbreviated as CMG, is a software company that produces [[reservoir simulation]] software for the [[oil and gas industry]]. It is based in [[Calgary]], [[Alberta]], Canada with branch offices in [[Houston]], [[Dubai]], [[Bogota]], [[Rio de Janeiro]], [[London]] and [[Kuala Lumpur]]. The company is traded on the [[Toronto Stock Exchange]] under the symbol CMG.

The company offers three reservoir simulation applications. IMEX, a conventional [[black oil simulator]] used for primary, secondary and enhanced or improved [[Petroleum extraction|oil recovery]] processes; GEM, an advanced Equation-of-State (EoS) compositional and unconventional simulator; and STARS a k-value thermal and advanced processes simulator. In addition, CMG also offers CMOST, a reservoir engineering tool that conducts automated history matching, sensitivity analysis and optimization of reservoir models. In addition, CMG has developed CoFlow, which is a unique production engineering software for wellbore and facility analysis and allows for smart coupling with reservoir models.<ref>{{cite web|title=CMG Homepage|url=http://www.cmgl.ca/|accessdate=7 April 2016}}</ref>

==History==

The company began in 1978 as an effort to develop a simulator by Khalid Aziz of the [[University of Calgary]]'s [[Chemical Engineering]] department, with a research grant from the [[government of Alberta]]. CMG became known for its expertise in heavy oil, and has expanded this knowledge into all aspects of reservoir flow and advanced processes modelling. A commercial product was available by the late 1980s. For the first 19 years of the company's history it was a non-profit entity. In 1997, CMG became a public company when it was listed on the TSX. The company now claims over 570 clients in 58 countries.<ref>{{cite web|title=CMG|url=http://www.cmgl.ca/about-cmg||access-date=31 January 2017}}{{Dead link|date=December 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

In May 2018, CMG President and CEO Kenneth Dedeluk announced his retirement following the company. Ryan Schneider was appointed to succeed Dedeluk.<ref>{{Cite news|url=https://www.reuters.com/article/brief-computer-modelling-group-announces-idUSASC0A3H2|title=BRIEF-Computer Modelling Group Announces Retirement Of CEO|date=2018-05-23|work=Reuters|access-date=2020-04-14|language=en}}</ref>

==References==

{{Reflist}}

{{Authority control}}

[[Category:Companies listed on the Toronto Stock Exchange]]

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[[Category:1978 establishments in Alberta]]

[[Category:Canadian companies established in 1978]]

[[Category:Software companies established in 1978]]