University research and development is continuing at a steady rate, despite sustained low oil prices. For now, money allocated by the oil and gas industry in previous years is still available for many academic institutions. However, oil prices may eventually take a toll on funding if they remain low when it is time for companies to renew their existing commitments. “Next year is when we will look and see if we have our sponsors, or (determine if) some of them cannot continue,” said Manika Prasad, associate petroleum engineering professor at Colorado School of Mines. Other universities around the world are facing the same pressures and uncertainties.
Located near the North Sea in one of the world’s major oil and gas capitals, the University of Aberdeen employs more than 150 professors working on energy-related research.
“We are not just an oil and gas school at Aberdeen, we have a very broad range of sciences being taught and worked on. So, sometimes the interaction between them produces something unusual,” said John Scrimgeour, executive director of the university’s Aberdeen Institute of Energy.
One idea that originated outside of the university’s traditional petroleum research themes is resonance enhanced drilling (RED), which was first conceptualized by the applied mathematics faculty....
University Research and Development Steady in Industry Downturn
Jack Betz, JPT Staff Writer
01 October 2015