Computer Modelling Group

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Computer Modelling Group
Type Public
Traded as TSXCMG
Industry Oil and gas
Founded 1978 (1978)
Founder(s) Khalid Aziz
Headquarters Calgary, Alberta, Canada
Number of locations 5
Products Reservoir simulation software
Revenue C$51.7 million (2010)[1]
Net income C$17.7 million (2010) [1]
Website cmgroup.com

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

The company offers three simulators, a black oil simulator, called IMEX, a compositional simulator called GEM and a thermal compositional simulator called STARS.[2]

History[edit]

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. A commercial product was being sold by the late 1980s. For the first 19 years of the company's history it was a non-profit entity. In 1997 it became a regular public company when it was listed on the TSX. The company now claims over 400 clients in 49 countries.[3]

References[edit]

  1. ^ a b "Financial Statements for Computer Modelling Group". Google Finance. Retrieved 30 March 2011. 
  2. ^ "CMG Homepage". Retrieved 30 March 2011. 
  3. ^ "CMG". Company Review. TechRev.ca. Retrieved 30 March 2011.