PetroChina’s R&D unit RIPED is to team with the French Petroleum Institute (IFP) to develop innovative technology for the upstream oil market. The deal was signed while RIPED president, Jia Chengzao, visited with IFP President, Olivier Appert at the IFP’s headquarters in the Paris suburb of Rueil-Malmaison.
Reservoir characterization
The first projects to be kicked-off in 2006 will involve reservoir characterization and improved recovery with gas and polymer injection. The agreement also involves exchange of personnel between the two research establishments.
1900 scientists
Beijing-based RIPED, established in 1958, employs some 1900 scientists working on activities spanning the upstream including IT and technology standardization. RIPED provides PetroChina with technology, decision support, high-tech R&D and professional education.
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