Oil development software provider Petroleum Experts Limited donates $2.4 billion in software to the KU Department of Earth and Environmental Sciences
It will create opportunities to train experts in related fields and improve the efficiency and applicability of various R & D projects.
Petroleum Experts Limited, an oil development software company, donated approximately $2.4 billion in educational software to the KU Department of Earth and Environmental Sciences.
Employing software engineering and petroleum/gas development engineering professionals, Petroleum Experts Limited was founded in the UK in 1990 and specializes in petroleum development software. Its main business is the development of modeling software for oil and gas development, with more than 420 clients worldwide. The areas supported by the company's developed software cover not only the entire field of petroleum engineering for oil and gas development and production, but also cover the entire range of computational modeling areas from exploration to development and production, including software for the exploration field.
Currently, the MOVE suite software, donated by Petroleum Experts Limited, focuses primarily on a company’s field of exploration, and is available to experts in the field of Geology & Geophysics (G & G), one of the fields included in oil and gas exploration. Analytical functions and modeling techniques included in the MOVE suite are available for geologic survey and underground structure mapping and modeling, including basic geological surveys. The KU Department of Earth and Environmental Sciences expects it to be a great driving force for the education of G&G professionals and the implementation of emissions and related R & D projects.
With the vast applicability of the MOVE suite software, various methods of analysis can be performed, including data collection and DB creation for basic geological surveys, underground structure analysis through collected data, modeling-based dynamic structure generation, and three-dimensional mapping.
Professor Ho Young Jo, Department of Earth and Environmental Sciences, said, “These analytical techniques are practically applied directly in the field, and this software will provide valuable opportunities for our students to develop skills for a profession directly linked to related fields within the department. Also, it will be an opportunity to improve the efficiency and applicability of R & D projects conducted in the department.”