Texas Tech Petroleum Engineering Receives Schlumberger Gift
October 22, 2009
Petroleum engineering receives a $42.5 million gift of software from Schlumberger.
Texas Tech University petroleum engineering students will have an advantage in
the job market when they graduate, thanks to a gift of software to the university.
The Finance and Administration Committee of the Texas Tech University System Board
of Regents has accepted a $42.5 million gift of software presented by Schlumberger,
today (Oct. 22). Final approval of the gift is expected Friday.
The contribution includes 100 modules, licenses and maintenance of Petrel* seismic-to-simulation
software, a state-of-the-art geoscience and reservoir engineering interpretation and
modeling package. The software will be housed in and will benefit students in the
Bob L. Herd Department of Petroleum Engineering.
“We are honored to accept such a generous gift from an industry leader like Schlumberger,”
said Texas Tech University System Chancellor Kent Hance. “This gift will be a great
asset to the Bob L. Herd Petroleum Department of Engineering and will better prepare
our students for their professional careers.”
By having access to the Petrel package, students entering the job market will already
be up to speed on the latest software being used in the industry. The software will
also attract more research funding to Texas Tech.
The Petrel software enables a model centric approach to reservoir characterization.
It provides a unified workflow from seismic interpretation and well correlation through
building detailed geologic models to creating reservoir models suitable for simulation,
as well as submitting and visualizing simulation results. This supports uncertainty
analysis of various geologic and reservoir properties to accurately calculate hydrocarbon
volumes, and design development strategies to maximize reservoir exploitation throughout
the life of the reservoir. It addresses the need for a single application across the
“seismic-to-simulation” workflow, improving collaboration across disciplines and reducing
knowledge gaps created when moving from one application to another.
Schlumberger is the world’s leading supplier of technology, integrated project management
and information solutions to customers working in the oil and gas industry worldwide.
Employing approximately 79,000 people representing more than 140 nationalities and
working in more than 80 countries, Schlumberger provides the industry’s widest range
of products and services from exploration through production.
-30-CONTACT: Jeff Sammons, Whitacre College of Engineering, Texas Tech University,
(806) 742-3451, or firstname.lastname@example.org