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Tachyus, the Leading Provider of Prescriptive Analytics for Oil and Gas

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Tachyus, the Leading Provider of Prescriptive Analytics for Oil and Gas www.tachyus.com 2121 S. El Camino Real Ste B100 San Mateo, CA 94403 Tachyus Expands Tachyus, the leading provider of prescriptive analytics Global Footprint With Seasoned for oil and gas operators, announced its global expan- Oilfield Services sion today after onboarding multiple former Schlumberg- Leadership er and Halliburton executives and opening offices in Houston, Abu Dhabi, Muscat, and Bogotá. The announcement comes after Tachyus last year closed an oversubscribed funding round and added former CFO of Shell, Jeri Eagan, to the Tachyus Board. Now, Tachyus has onboarded a seasoned oilfield services leadership team including Jeff McNamara, Ian Hunt and Carlos Calad to run business units in North America, the Middle East and Latin America with offices across Houston, Abu Dhabi, Muscat and Bogotá in addition to headquarters in Silicon Valley. Jeff joined Tachyus as VP of North America to aggressively expand the existing customer base across Texas, Canada, Alaska and California and open a Hous- ton office. Previously, Jeff served as North America Region Manager for Hallibur- ton managing a multi-hundred million dollar portfolio and over 1,000 staff. His 15+ year career spans management, account management and business devel- opment roles. He has served oil and gas customers in the US, Canada, and many countries in Asia such as Indonesia, Malaysia, Australia, Brunei, Thailand, China, Vietnam, India, Papua New Guinea, Japan and Myanmar. “I am thrilled to be accelerating Tachyus’ expansion across North America. Our customers have already generated tens of millions of dollars of incremental cash-flow using Data Physics to make faster and smarter decisions. We are presenting a number of technical papers with case studies including at the SPE Western Regional Meeting in Bakersfield”, said McNamara. “The rapid pace of adoption we are experiencing is unprecedented in the industry because of the extraordinary return on investment that our technology delivers.” Ian Hunt joined Tachyus as VP of EMEA to open offices in Abu Dhabi and Muscat and secure partnerships with the region’s leading national and interna- tional oil companies. Previously, Ian was VP of Business Development for Halli- burton where he managed a multi-billion dollar portfolio of product lines across the Middle East and North Africa region. His 30 year career includes a variety of operations, technical and management roles in the high technology sector of upstream oil & gas. Ian’s work experience at Halliburton, Paradigm and Baker Hughes spans over a dozen countries such as USA, UK, Norway, Iraq, Saudi Arabia, Oman, Kuwait and the UAE where he currently lives. www.tachyus.com 2121 S. El Camino Real Ste B100 San Mateo, CA 94403 “This is a revolution coming to our industry. Our software-as-a-service solutions empower executives and engineers with the data-driven workflows they need to effectively deploy and manage capital across mature enhanced oil recovery assets. Data Physics integrates reservoir physics and machine learning to enable operators to model every possible operating decision rapidly and continu- ously”, said Hunt. “As a result, operators are experiencing upwards of 40 percent reductions in costs and 20 percent increases in production. I look forward to presenting detailed technical papers along with our Principal Data Scientist, Dr. Stylianos Kyriacou, at the SPE Reservoir Characterization Conference in Abu Dhabi near our new regional headquarters in Al Maryah Island’s Abu Dhabi Global Market.” Carlos Calad joined Tachyus as VP of Latin America to onboard customers in Mexico, Colombia, Argentina, Brazil and Venezuela. Before joining Tachyus, Carlos was the COO at Lupatech, the largest Brazilian oilfield services company. During his 35 year career he has served clients in USA, Argentina, Venezuela, Brazil, Indonesia, Spain, Mexico and Colombia and has held positions as VP of Marketing at Archer and Schlumberger Oilfield Services as well as management, commercial and technical roles across Schlumberger, where he managed a sales organization of over 200 people producing more than $2 billion in annual revenue and established value sharing contracts with Latin American NOCs. “As a Colombian who has lived and operated for decades across most of the countries of Latin America delivering new technology to national oil companies, it is an honor to introduce Tachyus’ Data Physics to the Latin American market”, said Calad. “We need this Silicon Valley solution to reduce operating costs and boost production in our many large mature oilfields across Mexico, Colombia, Argentina, Brasil and Venezuela. I am excited to present, along with our Chief Scientist, Dr. Pallav Sarma who is the world-leading expert in quantitative optimi- zation of oil and gas assets, the potential of Data Physics for Latin American operators at the SPE Latin America and Caribbean Petroleum Engineering Conference in Buenos Aires.” Tachyus has helped analyze more than 10,000 wells leading to nearly a million barrels of incremental oil production and tens of millions of dollars of savings. Founded in 2013, Tachyus' team combines centuries of experience across petroleum engineering, data science, and software engineering from our time with companies such as OpenGov, Microsoft, Tesla, SpaceX, OXY, Shell, Chevron, Halliburton, and Schlumberger..
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