Memorial University research into oil and petroleum development has received a million dollar boost from Chevron Canada and the Research and Development Corporation (RDC).
The funding is split between the two contributors, and will see a new research chair created in the Department of Earth Sciences.
The new chair will maintain a vigorous research program, sustain a strong record of peer-reviewed publications and external funding, advise and mentor undergraduate and graduate students, and contribute to the teaching mission of the Department of Earth Sciences, including courses in petroleum geology, states a news release from the provincial government on behalf of the RDC.
Research into the determination of reservoir architecture, using seismic data to construct reservoir models, and the identifying of petroleum growth reserve potential are all possible topics of research.
Mark MacLeod, Vice-President (Atlantic Canada), Chevron Canada Limited, said the company looks forward to the research and teaching opportunities that will come from this new chair position.
“Research in reservoir characterization aligns well with the needs of Chevron in Atlantic Canada,” said MacLeod. “As well, our affiliation with Memorial University and RDC in this manner is consistent with our objective to be the partner of choice in the region.”
The chair will establish an applied research program in petroleum geology and is expected to complement and expand existing Memorial expertise in geology and geophysics.
Recruitment for the Chevron Chair in Reservoir Characterization is ongoing, and the position is expected to be filled in late 2012.
The RDC is a provincial Crown corporation responsible for improving Newfoundland and Labrador’s R&D performance. RDC works with R&D stakeholders including business, academia and government agencies and departments.