Fugro-Jason Donates Jason Software Licenses to Universiti Teknologi PETRONAS (14 March 2012)

Fugro-Jason Donates Jason Software Licenses worth USD17 million to Universiti Teknologi PETRONAS
March 14, 2012, Bandar Seri Iskandar – Fugro-Jason, the leader in reservoir characterization technology for the oil and gas industry, announced a major donation to the Universiti Teknologi PETRONAS (UTP) in the form of Jason™ reservoir characterization software licenses. These licenses will be used by students and faculty within the Geoscience and Petroleum Engineering Department. Fugro-Jason will also provide initial training on all aspects of the software, including petrophysics and rock physics analysis, geologic modeling, and seismic inversion.
“UTP places a strong emphasis on research and development with specific value to industry and nation,” said Eric Adams, Fugro-Jason Managing Director. “Our hope is that this donation of leading edge geoscience software will inspire creativity, innovation and leadership in UTP students and prepare them for a bright future in the oil and gas industry.”
UTP was founded in 1997 and is wholly owned by PETRONAS, the national oil company of Malaysia. The university offers a range of engineering and technical programmes designed to develop the nation’s skilled workforce. The university offers both undergraduate and postgraduate programmes.
This is invaluable for the geoscience students to have access to technology so crucial to oil and gas development. This donation by Fugro-Jason will enable them to become more proficient at oilfield assessment and advanced in their analyses.
Jason reservoir characterization software is well suited for the challenges routinely faced in Malaysia and the region. Many companies in Malaysia have been using Jason technology since the 90’s and it has become their standard software and workflow.
The handover ceremony was held in Senate Hall of Universiti Teknologi PETRONAS.  In attendance were Mr Jimmy Ting, Region Manager, Fugro-Jason, UTP Management Committee, Faculty members of UTP Geoscience and Petroleum Engineering Department and executives from Fugro-Jason
ABOUT - FUGRO-JASON
Fugro-Jason (www.fugro-jason.com) delivers innovative software products and services to help clients identify and produce hydrocarbon deposits by integrating information from the various geoscience disciplines. Fugro-Jason software applications make it possible to integrate geological, geophysical, geostatistical, petrophysical and rock physics information into a single consistent model of the earth. Applying Fugro-Jason’s technology through its software and consulting services substantially improves E&P investment return by adding invaluable reservoir model information to reduce the risks, costs and cycle-times associated with exploration, appraisal and field development and production. Fugro-Jason is an operating company of Fugro NV. Fugro was founded in 1962 and is listed on Euronext NV, Amsterdam, The Netherlands. Fugro has more than 13,500 staff and a permanent presence in more than 50 countries.
Universiti Teknologi PETRONAS (UTP)
Universiti Teknologi PETRONAS (UTP) was established in 1997 and offers a wide range of engineering and technology programmes at undergraduate and postgraduate levels, complemented by a strong focus on Research and Development (R&D). The programmes are designed with high industry relevance. It has grown to be one of the most prominent private universities in Malaysia and currently has about 5,600 undergraduates and 900 postgraduates. Recently, UTP along with 17 other universities, has been rated as Tier 5 (Excellent) University for year 2009 Rating System for the Malaysian Higher Education Institutions (SETARA ’09) by Ministry of Higher Education (MOHE), Malaysia.
In addition to its engineering and technology based programmes, UTP also provides quality education in the areas of management and the humanities, with the aim of producing graduates who are well rounded exhibiting excellent leadership qualities and communication abilities. Research at UTP is focused on Biomedical Engineering, CO2 Management, Deepwater Technology, Enhanced Oil Recovery, Hybrid Energy Systems, Green Technologies, Intelligent City, Nanotechnology and Sustainable Resources. The researchers are carried out in collaboration with PETRONAS and other institutions and industries locally and abroad.
For more information on UTP, please visit  http://www.utp.edu.my
For more information, kindly contact:
Aslinda Jamaludin, Media Relations, UTP : 05-3688243|   019-4762124|   aslinda_j@petronas.com.my
Joe Jacquot, Fugro-Jason Marketing Manager, Houston, USA : 713-369-6938 / mailto:jjacquot@fugro-jason.com.

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