ST. JOHN'S, NL, June 20, 2012 /CNW/ - Memorial University's research
capacity in offshore petroleum development continues to expand, with a
$1 million investment by Chevron Canada Limited and the Research &
Development Corporation of Newfoundland and Labrador (RDC).
The funding will support the creation of the Chevron Industrial Research
Chair in Petroleum Reservoir Characterization in the Department of
Earth Sciences, Faculty of Science. Chevron Canada Limited and RDC will
each invest $500,000 over the next five years in partnership with
"Chevron is excited with the research and teaching opportunities that
will emanate from this new chair position," said Mark MacLeod,
Vice-President (Atlantic Canada), Chevron Canada Limited. "Research in
reservoir characterization aligns well with the needs of Chevron in
Atlantic Canada. 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 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.
Potential research focus areas include the determination of reservoir
architecture, establishing geological flow units, using seismic data in
the construction of reservoir models and identifying petroleum growth
reserve potential. The chair would focus on some of the geologic
uncertainties faced by industry operations in offshore Newfoundland and
"Offshore petroleum development is a vital component to the economy of
Newfoundland and Labrador," said the Honourable Keith Hutchings,
Minister of Innovation, Business and Rural Development and Minister
Responsible for RDC. "Today's investment will strengthen this
province's understanding of petroleum geology while identifying
offshore development opportunities."
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.
"Addressing key industry challenges, undertaking relevant R&D and
fostering future researchers dedicated to petroleum research is a
priority for RDC," said Glenn Janes, CEO, RDC. "The work of this new
research chair will be critical to the future growth of Newfoundland
and Labrador's energy sector."
This position will strengthen interdisciplinary teaching and research
through collaboration with the recently appointed Chevron Chair in
Petroleum Engineering at Memorial, Dr. Lesley James.
"The Chevron Industrial Research Chair in Petroleum Reservoir
Characterization reflects Memorial's commitment to growing
interdisciplinary collaboration and research," said Dr. Christopher
Loomis, Vice-President (Research), Memorial University of Newfoundland.
"It is also aligned with the goals of our new Research Strategy
Framework. Specifically, to engage with community partners and
collaborators locally, nationally and internationally to create, share
and apply research, and to support fundamental and applied research
excellence in areas of strategic opportunity."
Recruitment for the Chevron Chair in Reservoir Characterization is
ongoing, and the position is expected to be filled in late 2012.
About Chevron Canada Limited
Chevron Canada Limited is a wholly owned subsidiary of Chevron
Corporation. Since 1938, Chevron Canada Limited has been involved in
exploring for, developing, producing and marketing crude oil, natural
gas and natural gas liquids in Canada. In offshore Newfoundland and
Labrador, Chevron Canada Limited has significant interests in the
Hibernia Field, the Hebron Development as well as exploration acreage
in the Orphan Basin, the Flemish Pass Basin and on the Labrador shelf.
For more information about Chevron Canada Limited, go to www.chevron.ca.
About the Research & Development Corporation
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. In Budget 2012: People and Prosperity - Responsible
Investments for a Secure Future, RDC was allocated $19 million to make
strategic research and development related investments in people,
strategic opportunities and infrastructure. For more information about
RDC, go to www.rdc.org.
For further information:
Manager, Marketing & Communications
Research & Development Corporation
External Affairs Manager (Atlantic Canada)
Director of Communications
Department of Innovation, Business and Rural Development
Communications Coordinator (Research)
Memorial University of Newfoundland
(709) 864-4073, 687-9243