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Fugro-Jason Grants PowerLog Licenses to Inha University's Engineering Program

Tuesday, December 4, 2012 10:45 AM

Fugro-Jason, the leader in reservoir characterization technology for the oil and gas industry, today announced that it has agreed to provide software to Inha University (South Korea) in support of their engineering program. The grant represents USD 500,000 in PowerLog software licenses that will be used in the Department of Energy Resources Engineering by students studying graduate- and undergraduate-level Well Logging courses. PowerLog is Fugro-Jason’s flagship petrophysical software, featuring multi-well analysis, multi-interpreter collaboration, capillary pressure analysis, facies identification, multi-mineral analysis and stochastic mineral modeling.

“We are committed to supporting practice-centered education, as exemplified by Inha University and their new Department of Energy Resources Engineering,” said Eric Adams, Fugro-Jason Managing Director. “This software grant should allow the students in the Well Logging program to put what they learn in the classroom into practice in the laboratory and prepare them for their careers once they graduate.”

The Inha University Department of Energy Resources Engineering program was launched in 2010 with funding from the Korean government, Korea National Oil Corporation (KNOC), Korea Gas Corporation (KOGAS) and Korea Resources Corporation (KORES). KNOC recommended that the University contact Fugro-Jason regarding a potential grant of licenses.

Fugro-Jason is a leader in reservoir characterization with its Jason™ and PowerLog® products, with new capabilities to help solve geoscience problems in a wide variety of environments. Jason provides critical integration of all available information into detailed, consistent reservoir models using powerful geostatistical reservoir characterization; wavelet estimation and well to seismic ties; and 2D and 3D seismic inversion. Fugro-Jason technology improves collaboration and reservoir surveillance, enabling asset teams to focus on maximizing their field’s potential.

“We are grateful for the generous grant from Fugro-Jason that will allow our students to get hands-on experience with well log analysis and interpretation,” said Dr. Bohyun Chon, Professor, Department of Energy Resources Engineering. “Equipping them with the latest petrophysical tools will help us achieve our goals of improving our national competitiveness and cultivating effective leaders for tomorrow.”

About Fugro-Jason

Fugro-Jason (www.fugro-jason.com) delivers innovative software products and services to help clients identify and produce hydrocarbon deposits by integrating information from the various geoscience disciplines. Fugro-Jason software applications make it possible to integrate geological, geophysical, geostatistical, petrophysical and rock physics information into a single consistent model of the earth. Applying Fugro-Jason’s technology through its software and consulting services substantially improves E&P investment return by adding invaluable reservoir model information to reduce the risks, costs and cycle-times associated with exploration, appraisal and field development and production. Fugro-Jason is an operating company of Fugro NV. Fugro was founded in 1962 and is listed on Euronext NV, Amsterdam, The Netherlands. Fugro has more than 14,000 staff and a permanent presence in more than 60 countries.

(Source: Business Wire )
(Source: Quotemedia)


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