/C O R R E C T I O N -- ANSYS Inc./ ANSYS Helps Enventure Global Technology Reach New Depths in Oil and Gas Drilling

Company's Solid Expandable Tubular Technology, Designed and Tested with ANSYS Software, Eliminates Telescoping Effect

SOUTHPOINTE, Pa., July 9 /PRNewswire-FirstCall/ -- ANSYS Inc. , a global innovator of simulation software and technologies designed to optimize product development processes, today announced that Enventure Global Technology, L.L.C. used ANSYS software to design and test their Solid Expandable Tubular (SET(TM)) Technology, a new drilling system that eliminates the telescoping effect that has often limited drilling depth.

Traditional oil and gas drilling is accomplished in stages, with each new casing segment reduced in size in order to fit inside already-laid pipes. Enventure has almost entirely eliminated this "telescoping effect" through an innovative drilling technology designed with exacting specifications and simulated using finite element analysis (FEA) tools from ANSYS.

Enventure, a joint venture between Halliburton Energy Services and Shell Technology Ventures, uses nonlinear analysis results from ANSYS to determine what magnitude of load is required to expand the pipe during the installation process, and to determine the pipe's properties after expansion.

"Our customers want to know which properties can be guaranteed, and how they can be measured," said Kevin Waddell, vice president of technology at Enventure. "For both of these challenges, we use ANSYS heavily. We've found that ANSYS significantly has reduced the time required to conduct a thorough simulation and analysis of our design."

"ANSYS has helped Enventure with both nonlinear and parametric analysis, just a small example of the many capabilities of our simulation applications," said Jim Cashman, president and CEO at ANSYS Inc. "Enventure has created a technology that promises to have a major impact on oil and gas drilling over the next few years. To keep their competitive edge, Enventure knows it must maintain short development cycles and be able to respond quickly to engineering challenges. ANSYS is working quietly in the background to help meet the high pressure demands of well design."

About ANSYS Inc.

ANSYS Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. Headquartered in Canonsburg, Pennsylvania U.S.A. with more than 18 strategic sales locations throughout the world, ANSYS Inc. employs more than 600 people and distributes its ANSYS(R), DesignSpace(R), AI*NASTRAN(TM), ICEM- CFD Engineering and CFX(R) products through a network of channel partners in more than 37 countries. Visit http://www.ansys.com/ for more information.

CONTACT: Patrice Romzick of ANSYS Inc., +1-724-514-2952, or
Email Contact; or Liz Erk of Topaz Partners, +1-781-388-7900, or
Email Contact

Web site: http://www.ansys.com/




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