Schlumberger, Halliburton, Paradigm make SEG grants

Sept. 25, 2007
Schlumberger, Halliburton, and Paradigm have added their support to SEG Foundation projects in announcements made at the Society of Exploration Geophysicists annual meeting.

Gene Kliewer,
Technology Editor

SAN ANTONIO, Texas –Schlumberger, Halliburton, and Paradigm have added their support to SEG Foundation projects in announcements made at the Society of Exploration Geophysicists annual meeting.

Schlumberger has made a $1 million grant to help establish a Geoscientists Without Borders program. The SEG will award grants to projects that emphasize the humanitarian applications of geosciences such as fresh water location and natural hazard mitigation. One aim is to promote cooperation between academic and industrial organizations that involve geosciences students.

"Geoscientists Without Borders will strengthen university programs, introduce students to the practical and humanitarian benefits of geophysics and geosciences, and make a difference to the quality of life in many of the world's most disadvantaged communities," said Gary Servos, SEG Foundation board chairman.

Landmark, in Halliburton's Drilling and Evaluation Division, has agreed to donate $400,000 to the SEG Foundation to help fund development of a new Web site, SEG Online.

SEG has begun a program to develop its Internet presence for its 27,000 members with global access to current applied geophysical information.

"Halliburton and Landmark recognize the value in providing digital online access to comprehensive, leading-edge information," said Doug Meikle, Landmark vice president, "and we are proud to play a role in this solution that will strengthen the global geophysical community."

Paradigm has declared its intent to underwrite student memberships in SEG with a $437,500 donation over five years with CGGVeritas as a partner in the project.

"This is not a donation, it is an investment," said John Gibson, Paradigm CEO, in announcing the program. The return on the investment is expected to be more graduate geophysicists.

09/25/2007