CSM receive £1.3m software donation from global petroleum experts

CSM has secured a new licensing agreement with Petroleum Experts (Petex), a leading developer of optimization software for the oil and gas industries.

The Scotland-based firm has donated 10 licenses of its MOVE software package to CSM, based at the University of Exeter’s Penryn Campus in Cornwall, for research and training purposes.

The software suite, valued at £1,334,160.00, is considered the industry standard for geological modelling and structural analysis of Earth’s deep interior.

The new software will be used for teaching and research into structural modelling and reconstructions, as well as slip-analysis to identify favourable fault zones for geothermal energy potential.

The internationally-renowned Mining School also plan to teach third and fourth year students on its Masters programme how to utilise the new software.

Chris Yeomans, a Postdoctoral Research Fellow at the Camborne School of Mines on the GWatt project said “The Move package gives us the tools to create a 3D geological model of southwest England. Understanding the subsurface in 3D is absolutely key to identifying new geothermal energy resources and help the region move towards a low carbon economy.”

Founded in Edinburgh in 1990, Petex is one of Europe’s fastest growing technology companies, with more than 420 clients worldwide.

Petex, which has U.S. offices in Houston, Texas and Lafayette, Louisiana, develops software modules that help geologists obtain two- and three-dimensional images of features below Earth’s surface.

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