AGM, Inc. announced the signing of a Corporate Enterprise Agreement with BP plc for AGM's high-end 3-D geological interpretation and visualization technology and related services. The Agreement provides for deployment of AGM's flagship product, Recon, throughout BP world-wide. The multi-year contract also provides customized, enhanced training, delivered by AGM, to ensure the successful uptake and full utilization of the technology. Training will be conducted at AGM’s training facilities in Houston and London.

“Recon transforms massive well and seismic datasets and other related data into coherent, interpretable 3-D images of hydrocarbon reservoirs in real time,” said Robin Dommisse, chief executive officer of AGM. “The technology's speed and built-in workflow automation capabilities enable users from geoscientists to business managers to make better informed decisions about exploration and production activities in hours and days instead of weeks and months.”

Commenting on the announcement, Tron Isaksen, president of AGM, said, "We believe Recon significantly improves our customers’ productivity, decision-making, and opportunity generation, resulting in rapid, quality prospect generation and shorter development cycle times."