ChevronTexaco and USC to Establish Center for Interactive Smart Oilfield Technologies.Business Editors & Education Writers LOS ANGELES--(BUSINESS WIRE)--Aug. 29, 2003 The University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission and ChevronTexaco Corp. today announced plans to establish a new center to develop advanced technologies to improve oil and gas exploration and production efficiency. Lloyd Armstrong Robert Lloyd George Armstrong (born 22 May 1914 in County Armagh; died 9 April 1959 in County Down) was an Irish cricketer. He was a right-handed batsman and a right-arm medium pace bowler. , provost of the University of Southern California; C. L. Max Nikias Chrysostomos L. Max Nikias has served as provost and senior vice president for academic affairs at the University of Southern California since June 2005. Over the course of his career as a researcher, educator, and university administrator, Nikias has earned acclaim for his , dean of the USC An abbreviation for U.S. Code. School of Engineering; and Don Paul Don Paul can refer to: In American football:
ChevronTexaco will provide R&D funding to establish the center, which will draw upon faculty expertise and resources within the USC School of Engineering's Information Sciences Institute, the Integrated Media System Center, and the Petroleum Engineering Program. CiSoft will focus on the research and development of integrated technologies targeted to the operations of instrumented, intelligent oil and gas fields. ChevronTexaco employees will directly participate in the center's R&D program and the company will provide real-world drilling and production data from oil and gas fields from around the world. ChevronTexaco also plans to provide additional research investments as expanded programs develop within CiSoft. "Through this partnership, ChevronTexaco and USC hope to create an exceptional learning environment for engineering students while accelerating the development of advanced oil field technologies in this area," said Nikias. In addition to research and development, CiSoft will support a strong educational component, drawing top graduates from across the world. Nikias said the engineering school will create a new master of science degree program which uniquely integrates information technology and petroleum engineering. "The USC School of Engineering is recognized for leadership and innovation in many areas, but has earned particular distinction for its work in information and communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry , advanced visualization, and petroleum engineering. Adding energy to the strong relationships the school has with the defense and entertainment industries will make this a unique environment for developing new technologies for real-time engineering and operations," said Paul. CiSoft will form an integral component of ChevronTexaco's i-field(a) program, which is focused on the integration of field automation, reservoir simulation Reservoir simulation is an area of reservoir engineering in which computer models are used to predict the flow of fluids (typically, oil, water, and gas) through porous media. technologies, new and emerging well technologies, and real-time reservoir management. Advances in i-field technologies and enhanced workflows will help reduce field development costs, speed up the analysis of information, and enhance operational reliability. CiSoft's co-executive directors will be Mike Hauser, i-field program manager at ChevronTexaco Exploration and Production Technology Company, and Iraj Ershaghi, USC professor of chemical engineering and director of the Petroleum Engineering Program. CiSoft is the most recent center formed as part of ChevronTexaco's strategy to develop unique, new research and educational partnership structures between the energy industry and universities. Last year, ChevronTexaco joined with the University of Tulsa to form the Center of Research Excellence in production fluid flow, which is conducting research in the areas of flow assurance, specifically the study of emulsions and multiphase flow, dispersions, and heavy-oil chemistry. The USC School of Engineering, with more than 4,000 students, is the largest private engineering school in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . U.S. News & World Report U.S. News & World Report Weekly newsmagazine published in Washington, D.C. U.S. News was founded in 1933 by David Lawrence (1888–1973) to cover important domestic events; he founded World Report in 1945 to treat world news. The two magazines were merged in 1948. has ranked the school's overall graduate program eighth in the nation for the past two years. The Petroleum Engineering Program is ranked ninth. Based in San Ramon, Calif., ChevronTexaco, is the second-largest U.S.-based energy company and the fifth largest in the world based on market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . More than 53,000 ChevronTexaco employees work in approximately 180 countries around the world. (a) i-field is a trademark of ChevronTexaco Corp. |
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