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Friday, September 7, 2018

Schlumberger Awards $14 Million Software Package to Youngstown State University

From Business Journal Daily:
A $14 million software package from a global oilfield services company will give students at Youngstown State University hands-on experience with tools used by exploration companies throughout the world. 
Schlumberger, a worldwide provider of technology for reservoir characterization, drilling, production and processing in the oil and gas industry, awarded the software package to YSU’s Research Foundation, the university announced. The renewable software grant includes access to the Petrel E&P software and Techlog wellbore software platforms; PetroMod petroleum systems modeling software; and GeoX exploration risk, resource and value assessment software, which will be used for teaching and research. 
“This provides an incredible opportunity for students to gain first-hand experience with software used by most of the major resource exploration companies throughout the world,” said Jeff Dick, professor and chair of the YSU Department of Geological and Environmental Studies.
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