S&P Global, RMG hand over $1.2m network licences to KNUST
The Kwame Nkrumah University of Science and Technology (KNUST) has received the network licences of six software operators to deepen its partnership with industry.
They are the Kingdom Geoscience Bundle, Harmony Enterprise, Piper, WellTest, SubPump, and PERFORM; a development which is expected to further bridge the gap between industry and academia.
The software licences, estimated to be worth $1.2 million, were presented by S&P Global, a leading intelligence service provider, in partnership with Reservoir Management Group (RMG) Limited, a provider of petroleum geosciences and reservoir engineering services.
The use of these cutting-edge engineering and geoscience software will help researchers and students at KNUST to conduct more complex analyses and simulations, leading to accurate and ground-breaking discoveries within the academic setting and better preparing them for the job market.
The Managing Director of RMG, Nana Akwasi Ankamah, emphasised the significance of the software licences in the petroleum industry as many National Oil Companies and International Oil Companies utilised them in their operations.
“One of the things we realised in our consulting space is the heavy usage of the software in the industry for real-time decision making. We felt it was fit for the students to be introduced to it before they get into the industry to make them ready to fully utilise these software and bring value to any organisation they will be attached to,” Mr Ankamah said.
The Business Development Manager for RMG, Samuel Asiedu Duah, highlighted RMG’s commitment, along with S&P Global, to advancing education in the fields of Science, Technology, Engineering, and Mathematics.
He stressed the need to equip the next generation of oil and gas professionals with the hands-on skills and tools required to navigate the most advanced industry software.
“In our experience in providing petroleum geosciences and reservoir engineering services, we see the need to equip the next generation of oil and gas professionals with hands-on skills and tools in navigating these most advanced industry tools, he said, adding that the goal is to reduce the learning curve for students as they enter the industry, ultimately increasing their market value and employability in the highly skilled oil and gas sector.”
The Associate Director for S&P Global, NalinVatte, expressed confidence that the software licences would optimise production and enhance the capabilities of the students.
Professor George Yaw Obeng, representing the Provost of the College of Engineering, commended RMG and S&P Global for their generous contribution, noting that it aligned with KNUST’s mission.
“This is a very good gift and it is consistent with the mission of KNUST. We require modern tools in software for training students. Also, for our research and engaging with communities, it is because the knowledge we generate from the research is the knowledge we transfer to the community in order to engage the community effectively and build the nation. So, software is very key for both faculty research as well as the students’ training,” he noted.
The Head of Petroleum Engineering at KNUST, Prof. Emmanuel Donkor, highlighted the significant impact of the licences on the academic work of students, providing them with the necessary skills for the industry.
He explained that the validated licences would allow for unrestricted usage, enabling academic work and research to be published without any hindrances.
BY TIMES REPORTER