ST. JOHN'S, NL, Nov. 21, 2011 /CNW/ - A $2-million investment by Statoil
Canada and the Research & Development Corporation (RDC) will boost
Memorial University's research expertise in reservoir engineering.
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 the
Honourable Keith Hutchings, Minister Responsible for the Research &
Development Corporation. "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."
"Statoil is a technology-based upstream energy company, so investments
in R&D and education and training are important for us," said Hege
Rognø, vice-president, offshore upstream, Statoil Canada. "We have a
long track record of collaboration, technology sharing and knowledge
transfer, which sets us apart. 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."
Recently, Statoil signed a similar agreement, focused on R&D
collaboration, with the University of Texas.
"Universities and academic institutions in North America represent
important arenas for Statoil in research and competence development,"
said Ms. Rognø. "With plans to significantly develop our operations in
Canada and the U.S., we want to further develop our position in the
market for talented and skilled individuals."
"Research and development investments in petroleum reservoir engineering
align with Newfoundland and Labrador becoming a world-class leader in
new technologies for exploration and development in harsh
environments," said Glenn Janes, chief executive officer, RDC. "Today's
announcement will also foster new generations of researchers critical
to the future growth of this province's offshore petroleum industry."
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, 2012.
Statoil is an international energy company with operations in 34
countries. Building on more than 35 years of experience from oil and
gas production on the Norwegian continental shelf, Statoil is committed
to accommodating the world's energy needs in a responsible manner,
applying technology and creating innovative business solutions. For
more information, go to www.statoil.com.
About Statoil Canada in Newfoundland
Statoil ambitions are to become a producing operator offshore
Newfoundland and Labrador, while gaining knowledge about the region's
sub-arctic conditions. The company is a partner in the Terra Nova (15
per cent) and Hibernia (5 per cent) fields, as well as the Hebron (9.7
per cent) and in the Hibernia Southern Extension (10.5 per cent) field
developments. Statoil is also a major exploration operator, holding
four significant discovery licences and five exploration licences. In
2009, it made a discovery on its Mizzen prospect located in the Flemish
Pass Basin, opening a new relatively unexplored basin for the province.
Statoil is currently operating a two-well exploration program offshore
Newfoundland: the first is on Mizzen, the second on its Fiddlehead
prospect, to be completed by the end of 2011. It also recently
completed a 3-D seismic program in the northern Flemish Pass Basin.
About the Research & Development Corporation
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 2011
Standing Strong: For Prosperity. For Our Future. For Newfoundland and
Labrador, the Provincial Government allocated more than $19 million to
make strategic research and development related investments in people,
strategic opportunities and infrastructure. For more information about
RDC, go to www.researchnl.com.
About Memorial University of Newfoundland
Founded in 1925 as a memorial to Newfoundland's war dead, Memorial
University College was elevated to degree-granting status in 1949 as
Memorial University of Newfoundland. Today, the university is the
largest in Atlantic Canada, with about 18,000 students. Memorial
provides excellent undergraduate, graduate and professional programs in
virtually all disciplines. With locations in St. John's and Corner
Brook in Newfoundland, Happy Valley-Goose Bay in Labrador, the
French-owned island of Saint-Pierre, and Harlow in England, Memorial is
committed to experiential learning. The university's many
interdisciplinary programs abound with opportunities for experiential
learning, ranging from on-campus employment to work terms around the
Outstanding research and scholarship, extraordinary teaching and a focus
on community service are the university's hallmarks. Many teaching and
research activities reflect our mid-North Atlantic locations; these
unique settings and our cultural heritage have led to the creation of
highly-regarded academic programs and specialized facilities in areas
such as music, linguistics, folklore and human genetics, as well as
earth sciences, cold-ocean engineering, rural health care and
archaeology. For more information about Memorial University of
Newfoundland, please go to www.mun.ca.
About Dare To: The Campaign for Memorial University
Memorial University of Newfoundland is undertaking a $50-million private
sector campaign as part of an overall redevelopment program. Dare To focuses on student financial support, academic excellence and physical
infrastructure. Investment in these three key areas will position
Memorial as a destination of choice for academics, students and staff
from around the world. For more information on the campaign, please
For further information:
| Caron Hawco |
Offshore Canada, Statoil Canada Ltd.
| Jeff Green |
Manager, Marketing & Communications
Research & Development Corporation
| Scott Barfoot |
Director of Communications
Department of Innovation, Business and
| Laura Barron |
Capital Campaign, Memorial University