31-10-2013
BP partners with the university of Texas on leading-edge energy research
BP announced today it will commit $4 million to launch a new strategic partnership with The University of Texas at Austin to support several leading-edge oil and gas industry research projects, with the potential for increased contributions as new studies are identified in the future.
The unique collaboration between the two institutions, which highlights BP’s ongoing commitment to higher education and research, aims to develop real-world solutions to a number of technical challenges facing the global oil and gas industry, both onshore and offshore.
One initial area of focus is related to Project 20K™, a multi-year initiative announced by BP in early 2012 that seeks to develop next-generation systems and tools to help unlock the next frontier of deepwater oil and gas resources, currently beyond the reach of today’s technology. Accessing these resources is a key part of BP’s commitment to U.S. energy security.
The University of Texas’ Department of Electrical and Computer Engineering will work with the Project 20K™ team to study the impact of “human factors” on the drilling process and the potential for new systems that can enhance safety and efficiency. A second area of activity will be to develop a reliability assessment process for BP’s project team to use in quantifying the “system-level reliability” of Project 20K™ concepts.
Other joint research projects include one that seeks to improve recoveries from shale gas and oil formations through a deep investigation of fracturing fluids’ impact on well productivity. Another focuses on enhancing early detection of “kicks” – the sudden influx of hydrocarbons into a well – by using real-time well data and predictive models to better inform operational decisions, in support of BP’s commitment to safe and reliable operations.
“This is not just theoretical research,” said James Dupree, BP’s Chief Operating Officer, Reservoir Development & Technology. “Under this partnership, we are tackling real-world challenges that, if better understood, could have far-reaching impacts not only on BP but on the future of global energy development.”
Administered by a joint governance board, the program has established a rigorous process for selecting research projects that play to the university’s world-class strengths in engineering and geosciences as well as meet BP’s strategic business needs.
BP is funding research in the Cockrell School’s Departments of Mechanical Engineering, Electrical and Computer Engineering and Petroleum and Geosystems Engineering.
“This partnership allows our faculty and graduate students to solve challenging, relevant problems in global energy development, to work collaboratively with leading scientists and engineers from BP, and to see how their solutions are implemented in a real-world setting,” said John Ekerdt, associate dean of the Cockrell School of Engineering. “We look forward to the new interdisciplinary opportunities our researchers will have to develop technologies that will have a far-reaching societal benefit.”
While the agreement is initially focused on several specific research projects, the intent is to establish a long-term partnership between BP and the University of Texas that is beneficial to both and that could later result in increased funding. Successes in early projects will help build the basis for future collaboration, with the ultimate goal of taking the research and technologies developed through the program from the lab and into the field.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024