Tuesday, 6 October 2015

DANVIC PETROLEUM DONATES SEISMIC INTERPRETATION SOFTWARE TO COVENANT UNIVERSITY

In its bid to reiterate its commitment to building human capacity in the country’s educational sector, Danvic Petroleum International Corporation has perfected plans to donate seismic interpretation software worth $1m to Covenant University, Ota, Ogun State in partnership with DGB Earth Sciences, Netherlands.

According to the oil exploration and production firm, the move was a boost to the local content initiative of the Nigerian government through the initiative, which would also provide the requisite training to both the students and lecturers of the Geophysics, Applied Physics and Petroleum Engineering departments of the school.

In a statement, the firm stated: “This is done in an attempt to make Nigerian university graduates industry-ready and reduce the cost of training and retraining after graduation particularly in the face of dwindling oil price. In the private university category, Covenant University will be the second beneficiary of this type of support / strategic collaboration with the oil and gas industry after Wesley University of Science and Technology, Ondo State.”

Tectono Business Review gathered that more than 20 federal and state universities across the six geopolitical zones of the country had benefited from similar donation.