Computer Modelling Group: Difference between revisions

Revision as of 11:39, 9 July 2013

Revision as of 19:33, 7 April 2015

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{{Infobox company

| name = Computer Modelling Group Ltd.

| logo =

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| location_country =

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

| locations = 57

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| key_people =

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| products = Reservoir simulation software

| services =

| revenue = [[Canadian Dollar|C$]]5174.75 million (20102014)<ref name=GoogleFinance>{{cite web|title=Financial Statements for Computer Modelling Group|url=http://www.google.com/finance?q=TSE:CMG&fstype=ii|publisher=Google Finance|accessdate=30 March 2011}}</ref>

| operating_income =

| net_income = C$17.7 million (2010) <ref name= GoogleFinance/>

| equity =

| owner =

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| homepage = {{URL|cmgroupcmgl.comca}}

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}}

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

The company offers three simulatorsreservoir simulation applications. IMEX, a conventional [[black oil simulator]] used for primary, calledsecondary IMEXand enhanced or improved oil recovery processes; GEM, aan advanced Equation-of-State (EoS) compositional simulatorand calledunconventional simulator; GEM and STARS a k-value thermal compositionaland advanced processes simulator. calledIn STARSaddition, CMG offers CMOST, a reservoir engineering tool that conducts automated history matching, sensitivity analysis and optimization of reservoir models. <ref>{{cite web|title=CMG Homepage|url=http://www.cmgroupcmgl.comca/|accessdate=3031 March 20112015}}</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 being soldavailable by the late 1980s. For the first 19 years of the company's history it was a non-profit entity. In 1997, itCMG became a regular public company when it was listed on the TSX. The company now claims over 400550 clients in 4955 countries.<ref>{{cite web|title=CMG|url=http://www.techrevcmgl.ca/techrev/bins/content_page.asp?cid=10301about-us|work=Company Review|publisher=TechRev.ca|accessdate=3031 March 20112015}}</ref>

==References==