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NExT and the University of Tulsa Announce New Master of Science in Petrophysics Degree Program.

Business Editors/Education Writers

DALLAS--(BUSINESS WIRE)--April 19, 2004

The Petroleum Engineering Department of the University of Tulsa and Network of Excellence in Training, L.L.C. (NExT) today announced the creation of a new Master of Science in Petrophysics degree program at the University of Tulsa.

Students accepted into the new graduate program will first participate in NExT's rigorous Subsurface Integration Program (NSIP), which is held at the NExT regional training center, located on the University of Tulsa campus in Tulsa, Okla. While participating in the NSIP program, attendees will also take two graduate-level courses from the university. Following the completion of the NSIP program, students will remain for one additional semester, taking two more courses, plus finalize their field study project report, which will serve as the Masters' project.

NSIP is a project-based 11-month program whose legacy stems from the Amoco "Top Gun" Petrophysics Program that ran for more than 20 years at the Amoco Research Center in Tulsa. NSIP comprises more than 50 multidiscipline training and project mentoring modules that are taught by industry experts during the first several months of the program. Attendees are required to bring a complete reservoir or exploration data set and solve real oilfield problems by performing a comprehensive integrated field study with the assistance of NExT mentors.

According to Sunil Pangarkar, chief executive officer of NExT, "The results of field studies completed in the program, when implemented, have shown clear positive financial impact for the participating companies. This is a unique training and mentoring program that has very strong business drivers."

NExT has conducted the NSIP program since 2001, after obtaining rights to the program from BP. Applications are being accepted for the next NSIP class, which begins in September 2004. Participants interested in the degree program will need to apply to the University of Tulsa through the normal graduate school application process.

About NExT

NExT is a Limited Liability Company created in 2000 with partners Schlumberger, Texas A&M University, The University of Oklahoma and Heriot-Watt University, Edinburgh, Scotland. In addition to the NSIP program, NExT serves the worldwide oil and gas industry by offering training solutions in the areas of Skills Assessment, Open and Closed Courses, Computer-Based Training Programs, Certified Training Programs and Integrated Training Programs. NExT's "Virtual Faculty" consists of more than 250 highly experienced instructors from its partners, via alliances with other universities and consulting organizations and individuals. For more information about NExT, please visit: www.next.ie.

About The University of Tulsa

The University of Tulsa, founded in 1894, is Oklahoma's oldest private university. Approximately 4,200 students pursue bachelors' degrees in 58 major fields of study, master's degrees in 33 areas and 10 doctoral degrees and the Juris Doctorate degree. The University is nationally recognized for its humanities-based undergraduate curriculum, engineering and natural sciences programs, and global initiatives. TU is ranked in the top 10 percent of all colleges and universities in the nation for quality and value according to three publications: Money Guide, U.S. News and World Report, and the Fiske Guide to Colleges. TU's College of Engineering and Natural Sciences offers a small student-teacher ratio of ten-to-one. The University of Tulsa Department of Petroleum Engineering enjoys an excellent national and international reputation. The Gourman Report consistently has placed the department's undergraduate and graduate programs among the top programs nationally. The department offers Bachelor of Science, master of science/engineering and doctoral degrees. While teaching is the major goal, the department also is committed to discovery of new concepts and technologies in the areas of drilling, production and reservoir engineering.
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Publication:Business Wire
Date:Apr 19, 2004
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