‘Computer Modelling Group’ formed as a Not-for-Profit (NFP) research organization at the University of Calgary, Chemical and Petroleum Engineering Department.
Frank Meyer joins Computer Modelling Group as President & CEO. Frank expanded the research, initiated transformation to workstation and PC technologies, began visualization research and undertook technology application (or implementation). Key researchers at the time included Dr. Long Nghiem, Dr. Dennis Coombe, Dr. Lloyd Buchanan, Dr. David Collins and Dr. Allan Hiebert.
A pivotal year for Computer Modelling Group. Succeeding with implementation in 25 countries, the NFP research organization Computer Modelling Group created ‘Computer Modelling Group Ltd.’ (CMGL) in an IPO as a public company traded on the TSX (Toronto Stock Exchange). All of the staff, software and business of the NFP research organization were transferred into CMGL.
With the assets from the IPO (63% of Shares), the NFP research organization ‘Computer Modelling Group’ renamed itself to CMG Reservoir Simulation Foundation (Foundation CMG) and transformed itself into an endowment organization to focus on leading research and students.
Foundation CMG initiates an Industrial Research Chair Program Worldwide
- Research Chairs, with teams of 30 students/researchers
- Strategic Research Areas in Reservoir Simulation
- Multi-discipline: reservoir engineers, geologists, geophysicists
- Extensive collaboration with academia and industry
Duke Anderson joins Foundation CMG as President & CEO, with Frank Meyer retiring after 25 years of service. Foundation CMG sold most of CMGL Shares.
Foundation CMG rebrands to Energi Simulation.