Statoil Canada and the Research & Development Corporation (RDC) is providing a total of $2 million to boost Memorial University’s research expertise in reservoir engineering.
According to a news release, 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.
“Today’s announcement is an excellent example of the opportunities that are created when industry, academia and government partner,” said Keith Hutchings, Minister Responsible for the RDC. “This partnership will result in positive outcomes as it will further develop Newfoundland and Labrador’s 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.”
Hege Rognø, vice-president of Offshore Upstream, Statoil Canada, said Statoil is a technology-based upstream energy company, so investments in research and development (R&D) and education and training are important.
“We have a long track record of collaboration, technology sharing and knowledge transfer, which sets us apart,” said Rogno. “With the goal to strengthen the areas of petroleum technology, reservoir engineering and R&D in the province, we are very pleased to enter into a partnership with Memorial University and the Research & Development Corporation.”
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 Memorial’s 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.