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REF NO.: 78
SUBJECT: Statoil Canada and RDC invest $2 million to grow R&D and petroleum education in Newfoundland and Labrador
DATE: Nov. 21,2011
The funding will create the Statoil Chair and Statoil Associate Chair in Reservoir Engineering at Memorial University and foster the development of a new Petroleum Engineering Research Program in the Faculty of Engineering and Applied Science. Statoil Canada and RDC will each contribute a total of $1 million over the next five years.
Todays announcement is an excellent example of the opportunities that are created when industry, academia and government partner, said Keith Hutchings, minister responsible for the Research & Development Corporation. This partnership will result in positive outcomes as it will further develop Newfoundland and Labradors research expertise in reservoir and arctic operations. It also represents some of the innovative work of RDC and its contribution to enhancing exploration and development opportunities for this province.
Recently, Statoil signed a similar agreement, focused on R&D collaboration, with the University of Texas.
Universities and academic institutions in North America represent important arenas for Statoil in research and competence development, said Ms. Rognø. With plans to significantly develop our operations in Canada and the U.S., we want to further develop our position in the market for talented and skilled individuals.
Research and development investments in petroleum reservoir engineering align with Newfoundland and Labrador becoming a world-class leader in new technologies for exploration and development in harsh environments, said Glenn Janes, chief executive officer, RDC. Todays announcement will also foster new generations of researchers critical to the future growth of this provinces offshore petroleum industry.
The Statoil Chairs in Reservoir Engineering will become an integral part of the Faculty of Engineering and Applied Science. The chairs will establish, promote and focus their teaching and research programs on reservoir engineering. The chairs will also develop the reservoir engineering capability within current programs.
The new Statoil Chairs in Reservoir Engineering will significantly strengthen Memorials research capacity in this strategic area and we are committed to pursuing other opportunities, such as a Canada Research Chair or NSERC Industrial Chair, to further build our expertise in this area, said Dr. Gary Kachanoski, president and vice-chancellor, Memorial University. I have every confidence that the Statoil chairs will lead to innovative new research that will benefit both engineering students and the wider community.
The recruitment process for the new chair positions will start immediately with the goal to have a chair in place by April 1, 2012.
Statoil is an international energy company with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the worlds energy needs in a responsible manner, applying technology and creating innovative business solutions. For more information, go to www.statoil.com.
Statoil ambitions are to become a producing operator offshore Newfoundland and Labrador, while gaining knowledge about the region's sub-arctic conditions. The company is a partner in the Terra Nova (15 per cent) and Hibernia (5 per cent) fields, as well as the Hebron (9.7 per cent) and in the Hibernia Southern Extension (10.5 per cent) field developments. Statoil is also a major exploration operator, holding four significant discovery licences and five exploration licences. In 2009, it made a discovery on its Mizzen prospect located in the Flemish Pass Basin, opening a new relatively unexplored basin for the province. Statoil is currently operating a two-well exploration program offshore Newfoundland: the first is on Mizzen, the second on its Fiddlehead prospect, to be completed by the end of 2011. It also recently completed a 3-D seismic program in the northern Flemish Pass Basin.
The Research & Development Corporation (RDC) is a provincial Crown corporation responsible for improving Newfoundland and Labradors R&D performance. RDC works with R&D stakeholders including business, academia and government agencies and departments. In Budget 2011 Standing Strong: For Prosperity. For Our Future. For Newfoundland and Labrador, the provincial government allocated more than $19 million to make strategic research and development related investments in people, strategic opportunities and infrastructure. For more information about RDC, go to www.researchnl.com.
Founded in 1925 as a memorial to Newfoundlands war dead, Memorial University College was elevated to degree-granting status in 1949 as Memorial University of Newfoundland. Today, the university is the largest in Atlantic Canada, with about 19,000 students. Memorial provides excellent undergraduate, graduate and professional programs in virtually all disciplines.
Memorial University of Newfoundland is undertaking a $50-million private sector campaign as part of an overall redevelopment program. Dare To focuses on student financial support, academic excellence and physical infrastructure. Investment in these three key areas will position Memorial as a destination of choice for academics, students and staff from around the world. For more information on the campaign, please visit www.dareto.ca.
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