RAPID CITY, S.D. (Dec. 10, 2015) – Industry-leading
oilfield services company Schlumberger has given software valued at $172
million to the South Dakota School of Mines & Technology to strengthen its
Energy Resources Initiative.
The software gift will be used in courses to support
the new Petroleum Systems Minor and Graduate Certificate program, as well as
research and existing petroleum-related curricula. Courses include the
Petroleum Field Camp, Petroleum Production and Drilling Engineering, and
The donation by Schlumberger, a longtime supporter of
SD Mines, includes three-year leases of Petrel* E&P software platform and
other software platforms that can be used to interpret seismic data, correlate
well logs and build reservoir models and maps, as well as software to analyze
wells for surveillance and forecast modeling, and to simulate flow for oil and
gas production. In all, 12 software technologies are included in the package.
“Close partnerships with industry are a very important
part of Mines’ success. We very much appreciate this software gift from
Schlumberger and we look forward to using it to the fullest,” said Heather
Wilson, president of SD Mines.
In addition to being important tools for faculty
research, hands-on use of commercial-grade software enhances graduating
students’ job prospects. In the past couple of years 20 percent of Mines’
graduates have gone on to work in the energy industry.
Schlumberger currently employs over 30 Mines
graduates, including four who have been hired in the past five years. In 2012,
the company gave a similar software donation valued at $49 million.
Since announcing the Energy Resources Initiative two
years ago, SD Mines has added a Petroleum Systems Minor and a Petroleum Systems
Graduate Certificate for working professionals. The energy initiative was
announced two years ago to leverage the university’s expertise and research in
rock properties, water resources and materials development, as well as its
location in an energy-rich region of the country, within 300 miles of the
Williston, Denver and Powder River basins. The search for a permanent director
*Mark of 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 105,000 people representing over 140
nationalities and working in more than 85 countries, Schlumberger provides the
industry’s widest range of products and services from exploration through
production. For more information, visit www.slb.com.