The HCM City University of Technology and Norway-based Roxar group signed a memorandum of understanding on bilateral cooperation in HCM City on may the 19th. The ceremony was attended by Associate Professor Phan Dinh Tuan, the university’s vice rector, Morten Tonnesen, Vice President of Roxar Software Solutions in Asia Pacific, and Arild Haugan, Honorary Consul at the Royal Norwegian Consulate General in HCM City.
The agreement will see the establishment of a laboratory within the university’s Faculty of Geology and Petroleum Engineering with Roxar donating for academic use over US$2.5 million of IRAP RMS™ reservoir modelling software, simulation software, Tempest, Fracperm and fracture modelling software.
Under the MOU, Roxar and HCMUT will share technology and expertise and the partnership will allow students to perfect their reservoir modelling techniques with the same techniques used in the exploration and production industry. It is also hoped that some students will choose career opportunities with Roxar after they graduate.
“It is partnerships such as with the HCM City University of Technology which ensure that the graduates of tomorrow have the right skills and knowledge to move the Vietnamese exploration and production industry forward. Since Roxar entered Vietnam, we have put great emphasis on increasing capacity and skills locally. Today’s investment in Vietnam’s education and research-based future is an example of this,” said Roxar’s Vice President Morten Tonnesen.
Roxar, based in Stavanger, Norway, is a leading international technology solutions provider for the upstream oil and gas industry. It entered Vietnam and opened its HCM City office in 2005.