On February 18, 2014 Gubkin Russian State University of Oil and Gas and oilfield service company Weatherford signed a Memorandum of Understanding aimed at joining efforts to establish the Center of Joint Geological and Geophysical Studies. The advanced laboratory facilities of Gubkin University, the scientific school, and the innovative technologies of Weatherford will provide a mutually beneficial synergetic effect for implementation of complex and integrated projects for the oil and gas industry according to global standards.
The partners will consolidate their efforts for effective scientific research under business projects, including development of solutions in geomechanics, enhanced oil recovery and other topical problems of Russian oil and gas industry.
The Parties are planning to evolve joint personnel training and further development programs. The cooperative activities will include selection of talented senior students of Gubkin University for Weatherford, which will provide the best students with scholarships and practical training opportunities.