CypherCrescent relies on its strength in advanced computing, applied mathematics, in-depth research in petroleum engineering and geosciences to deliver cutting-edge business-intelligence solutions to the global oil and gas industry…
[groups_non_member group=”Member, Corporate, Admins”]
You need to be a registered PLAN member to read the full article.
[groups_member group=”Member, Corporate, Admins”]
CypherCrescent Limited, and the Committee of Heads of Petroleum Engineering Departments in Nigeria (CHPED), have launched an oil and gas technology research support initiative, to assist Nigerian universities and other institutions of higher learning become citadel for innovation and technical capacity building.
The initiative was launched during an industry/academic collaboration forum at the CypherCrescent Exhibition Stand during the Society of Petroleum Engineers Nigerian Annual International Conference and Exhibition (SPE-NAICE) in Eko Hotels, Lagos.
CypherCrescent, a wholly Nigerian petroleum engineering research, software development and asset management support company, has developed innovative solutions that have changed the way wells and reservoirs are managed to ensure optimisation of the value of assets. CypherCrescent relies on its strength in advanced computing, applied mathematics, in-depth research in petroleum engineering and geosciences to deliver cutting-edge business-intelligence solutions to the global oil and gas industry.
The Managing Director, CypherCrescent, ThankGod Egbe, said the company will engage the academia more pragmatically going forward.
According to him, licences of SEPAL software will be donated to more institutions. Also, the students and lecturers will benefit from its industry centric training series while postgraduate students executing research projects adjudged by its project assessment team to have strategic practical relevance to the industry will be supported.
He said the innovative and game changing solutions from CypherCrescent are products of long-term rigorous research with 100 per cent inputs from industry experts of Nigerian extraction.
Egbe further hinted that the research support initiative, targeting academia promises to be very robust following the recent strategic partnership between CypherCrescent, and the Nigerian National Petroleum Corporation Research & Development Division (NNPC R&D).
He added that this could be verified from the statement of the Group Managing Director, who was represented by the Chief Operating Officer (COO), Ventures, Dr. Babatunde Victor Adeniran during opening Ceremony of SPE-NAICE 2017. Also of the Group General Manager (GGM) of NNPC R&D, Dr. Bola Afolabi, who both stated their resolve to support and revive research & development endeavours in Nigeria.
Egbe recalled that, at the recent SPE-NAICE 2017, Afolabi demonstrated vivid capability of the strategic partnership between NNPC R&D and CypherCrescent in such areas as petroleum engineering/geosciences/computing and applied mathematics, Research & Development (R&D), production enhancement through WRM data democratisation, asset management consulting and reservoir fluids analytics.