YSU foundation gets $14M software grant from tech supplier

YOUNGSTOWN — The Youngstown State University Research Foundation was awarded a software package valued at $14 million from Schlumberger — a worldwide provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry — that will give students hands-on experience with the tools used by exploration companies throughout the world.

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.

Techlog provides a means for interpreting geophysical well log data for individual oil and gas wells and for combining results from multiple wells to construct a play or basin-wide model to better understand reservoir behavior and assist in targeting areas of interest for future exploration through 3-D or 4-D visualization, according to a YSU news release.

More like this from vindy.com

Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.