Halliburton Division Awards $8.6 Million Software Grant

Halliburton's Digital and Consulting Solutions Division announced that Landmark has awarded Universiti Teknologi PETRONAS (UTP) in Malaysia $8.6 million in software licensing for students pursuing engineering degrees. The grant, spanning a three-year period, will provide the students at UTP with access to Landmark's top drilling, production optimization, field development and prospect generation applications.

"Landmark is very pleased with the opportunity to provide UTP access to our suite of exploration and production (E&P) software as it will help them prepare technically competent and skilled graduates trained to utilize cutting-edge technology in this very specialized field," said Peter Bernard, president, Landmark. "This grant is instrumental in preparing UTP graduates for joining the industry workforce as experienced and highly qualified geoscientists or engineers."

"The grant represents a part of our overall effort to increase the recognition of UTP as an advanced Exploration and Production education and training center," said Associate Professor Dr. Ibrahim Kamaruddin, director of Undergraduate Studies at UTP. Our undergraduate students will now have access to leading-edge software to facilitate cutting-edge research in our newly completed academic complex, which provides the students with state-of-the-art facilities in a dynamic learning environment. When they earn their degrees, the students will be familiar with the functionality of Landmark's software and will have a shorter learning curve for using such tools – thus helping them prepare for a career in the earth sciences."

The university's mechanical engineering program is designed to produce skilled graduates who are creative and innovative in the design, analysis and operation management of mechanical engineering systems, with research and development and leadership capabilities to serve the nation's interest and to fulfill the technological needs and advancement of PETRONAS. Using the software included in the grant, the university plans to research drilling fluid formulation and optimization using palm-oil derivatives, formation damage control in and around the wellbore, and feasibility of air injection in Malaysian reservoirs.