Memorial University’s Role in Oil and Gas Industry-related Economic Development in Newfoundland and Labrador Dr. Axel Meisen President and Vice Chancellor Memorial University of Newfoundland St. John’s, NL, May 16, 2007 Vision 2000 Memorial University will facilitate the transformation of Newfoundland and Labrador into an international centre of expertise for oil and gas, with emphasis on operations in harsh environments. Oil and Gas Development Partnership OGDP New Partnerships Pan Atlantic Petroleum Systems Consortium Industry - University Government R&D consortium xxx New Faculty • 19 new faculty • $2.5 million Husky Energy Chair in Oil and Gas Research Dr. John Lau, CEO Husky Energy Dr. Phil Bording New Faculty Canada Research Chair in Reservoir Engineering and Characterization Dr. Thor Johansen New Facilities Harsh Environment Bridge Simulator New Facilities Underwater Vehicles Centre for Marine Compressed Natural Gas New Facilities Landmark Graphics Visualization Lab (Western Geco Image) Schlumberger Data Centre New Facilities Inco Innovation Centre New Flagship Program: Master’s of Oil & Gas Studies • • • • Executive-level program Covering entire petroleum industry One year: with three 3-week on site periods Unique in the world Other New Programs Oil & Gas Options in Engineering Advanced Diploma in Oil & Gas Engineering Master’s and PhD in Oil & Gas Engineering Bachelor of Process Engineering Master’s and PhD in Petroleum Geology Diploma in Marine Safety Diploma in Remotely Operated Vehicles Research Foci • • • • • • • • Simulation and visualization Seismic imaging and inversion Basin Assessments Reservoir Characterization Reconnaissance Engineering of Production Systems Underwater Vehicles Offshore Safety Students • 100+ graduate students • 60 students in Oil and Gas Option in Engineering • Memorial graduates employed in all areas of the petroleum industry Funds Raised (2003 – 2010) Atlantic Innovation Fund NSERC/CFI/other grants Canada Research Chairs Landmark Graphics Schlumberger Seismic data Husky Chair Other industry Total M$ 15.6 5.2 4.0 18.5 10.0 29.0 2.5 3.4 88.3 GDP and Employment Impact by Industry for NL 15% 10% 15 5% 6.9 3 0% 2.9 2 1.6 Employment GDP Oil Mining Fishery Oil is the largest single contributor to the provincial economy and growing in importance. Source: The Economy 2007 Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management • New research areas: – Innovative exploration drilling Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management • New research areas: – Innovative exploration drilling – Green-house gases and oceans – Ocean geo-technology Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management • New research areas: – Innovative exploration drilling – Green-house gases and oceans – Ocean geo-technology • Oil and gas processing Conclusions • Memorial University has had major impacts on the regional petroleum industry • Significant human, physical and financial resources have been secured • Good partnerships have been formed • Innovative research is underway