|SUBJECT:||Halliburton's Landmark Division Grants $13.9 Million To Memorial University|
|DATE:||March 5, 2004|
- Software and services grant includes technology for industry-leading immersive visualization center-
CALGARY, ALBERTA – Halliburton (NYSE:HAL) announced today that its Landmark Graphics division has granted US$13.9 million in integrated E&P software and services to Memorial University of Newfoundland. This grant further extends Landmark’s relationship with Memorial in the support of their goal of becoming the leading earth science studies institute in Canada .
“Landmark is committed to the growth and development of students who will be entering the E&P industry by providing students and researchers access to industry-leading technology,” said Andy Lane , president, Landmark. “ Canada 's East Coast offshore produces 20% of Canada ’s light crude output; the many unexplored basins represent enormous opportunity, as well as some of the most challenging exploration and drilling environment in the world. Landmark's donation to Memorial University will improve research into the methods of exploring and producing in these environments with the promise of increasing viability of these new basins.”
This grant will enable Memorial University to build and operate a state-of-the-art immersive visualization facility which Landmark is helping design and implement, as a springboard for research and industry connections. Memorial University and Landmark are also collaborating to ensure the visualization center will be among the first in the world to use Landmark technology on a 64-bit Linux platform when these hardware solutions becomecommercially available for large-scale immersive visualization.
“This grant will enable our teachers and researchers to use the latest in reservoir management technology,” said Dr. Axel Meisen, president and vice-chancellor of Memorial University . “Exposure to this kind of leading edge technology will result in highly-qualified graduates who will have experience using the Landmark suites in studies of the reservoirs in the east coast petroleum systems. They will join the workforce with a valuable set of skills and experience. No other university in Canada can offer this training environment.”
“This is the largest grant ever made by our Landmark division to a university in Canada and we are pleased that it will be instrumental in helping Memorial University prepare students for their careers,” said David Ackert, Halliburton regional vice president, Canada . “We are constantly introducing new technology to the E&P industry that changes the way oilfields are discovered, developed and produced; we believe researchers and students can make valuable contributions to our industry by having access to these technologies.”
- Memorial, through its Oil and Gas Development Partnership formed in 2000, is positioning the university and the province of Newfoundland and Labrador as a leading centre of oil and gas expertise, with a special focus on operations in harsh environments. In partnership with private and public organizations in Canada and abroad, Memorial is building upon its internationally acclaimed work in earth sciences, geophysics and ocean engineering to expand its education and research offerings for the petroleum industry. The university has created new programs – such as the executive-level master’s program in oil and gas studies – recruited new faculty with diverse industrial and academic experience, and secured substantial targeted research funds for this centre of excellence.
The largest university in Atlantic Canada with over 17,000 students, Memorial operates from five locations including St. John’s , Corner Brook and Happy Valley-Goose Bay in Newfoundland and Labrador , as well as the French island of Saint-Pierre , and Harlow , England . Students experience a wide variety of learning environments that emphasize experiential learning and research with internationally recognized strengths in such diverse areas as marine biology, cold ocean studies, native and northern education, community medicine, folklore, genetics and music.
Landmark is the leading supplier of software and services for the upstream oil and gas industry. The company's software solutions span exploration, production, drilling, business decision analysis and data management. Landmark offers a broad range of consulting services that enables customers to optimize their technical, business and decision processes. Visit the Landmark Web site at www.lgc.com for more information.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services and Engineering and Construction Groups. The company's World Wide Web site can be accessed at www.halliburton.com.
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Landmark and the Landmark logo are trademarks or registered trademarks of Landmark Graphics Corp.
Memorial University contact: Ivan Muzychka, manager, News Service, Division of University Relations, 709-737-8665, 709-687-9433.