Thailand’s PTT Exploration and Production Public Company Limited (PTTEP), and Chulalongkorn University (CU), jointly signed the Fourth Amendment Memorandum of Understanding (MOU) to extend the academic cooperation until February, 2016.
PTTEP will provide financial support to the research studies related to the field of petroleum engineering, petroleum geology and petroleum geophysics with the amount of 24 million bahts ($740 000).
Furthermore, the company also allocates scholarships to both Thai and international students in the Master of Petroleum Engineering (International Program) with the amount of 614,000 bahts and 1,130,300 baht each, respectively.
PTTEP has supported the project since 2004, which has successfully produced 5 graduated scholars from countries in which the company operates, namely, Mozambique, Bangladesh and Myanmar. In addition, the project also produced various research publications valuable to the exploration and production (E&P) industry in topics such as Strategies for Hydraulic Fracturing in Naturally Fractured Shale Gas Reservoir, which is the technology specific to the unconventional E&P business.
Tevin Vongvanich, President and Chief Executive Office of PTTEP said: “We are delighted to be part of the development of the Master of Petroleum Engineering (International Program) of Chulalongkorn University and to produce valuable manpower to the E&P industry. We recognize the urgency to develop the capacity of the organization and human resources in the oil and gas industry. Focusing on developing an in-depth knowledge in this field will enable the company to increase its competitiveness in exploring petroleum in challenging areas globally. The cooperation emphasizes PTTEP’s vision to be leading Asian E&P company driven by technology and green practices.”
Professor Dr. Pirom Kamolratanakul,President of Chulalongkorn University, added: “We would like to express our gratitude to PTTEP for being our good alliance ins continuously giving supports to our academic studies and R&D projects in the Master of Petroleum Engineering (International Program) of petroleum engineering, petroleum geology and petroleum geophysics. Our highly qualified graduates are now matching to the international standard. Their knowledge and experiences will further enhance and help developing the energy industry of our country and world. The University considers our educational cooperation with PTTEP as another step to better our teaching and research potential.”
PTTEP is a national petroleum exploration and production company dedicating to provide a sustainable petroleum supply to Thailand and the countries we operate with the dedication to conduct business with social responsibility. At present, the company has invested in 43 petroleum exploration and production onshore and offshore projects in 11 countries around the world.