Texas Tech Petroleum Engineering Receives Schlumberger Gift

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.

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CONTACT:  Jeff Sammons, Whitacre College of Engineering, Texas Tech University, (806) 742-3451, or jeff.sammons@ttu.edu.