Friday, July 24, 2020
Software gift continues to provide petroleum students with real life workplace tools
A continuing partnership between the University of Alaska petroleum engineering department and Edinburgh-based Petroleum Experts is providing students with access to software programs that are used in the workplace.
The ongoing donation from Petroleum Experts includes 10 copies of a suite of six programs, along with the network license required to run the programs at UAF. The donation, which was originally made in 2012, is worth more than $2.42 million today.
The software allows the oil and gas industry to model oil reservoirs, wells and pipeline networks in an integrated way. This practice is known as “integrated production modeling,” or IPM, within the oil and gas industry. Oil companies use models to make production forecasts for existing oilfields and in the development of new fields. Petroleum Experts is a petroleum engineering company with offices in Houston and Scotland. The company developed the IPM software to improve the efficiency of oil and gas fields. The software is used by more than 350 oil and gas companies.
For more information, visit www.petex.com, or contact Abhijit Dandekar, UAF petroleum engineering department chair, at 474-6427 or firstname.lastname@example.org.