Petroleum Experts Limited, an engineering company based in the United Kingdom, has again donated academic licenses for its software worth £1,453,333.20 (RM7.8 million) to Universiti Teknologi PETRONAS (UTP).
This donation provides UTP students with the necessary proficiency and skills, and at the same time, allow them to have the competitive advantage when entering the workforce upon graduation. These licenses are used by students and faculty within the Faculty of Geoscience and Petroleum Engineering.
The software, which is generically known as Integrated Production Modelling (IPM), is a suite of tools which includes, among others, MOVE, 2D and 3D Kinematic Modelling, Geomechanical Modelling, Fracture Modelling, Fault Response Modelling, Fault Analysis and Move Link Petrel.
IPM is the industry standard for integrated field modelling and production optimisation and is currently used by the oil and gas industry to model dynamically their oil reservoirs, production and injection wells and surface pipeline networks as an integrated production system.
Petroleum Experts Limited has been donating its software to UTP since 2015.