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MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Pakistan Petroleum Ltd.    PPL   PK0081801018

PAKISTAN PETROLEUM LTD.

(PPL)
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Pak PetroleumXDXB : Pakistan's Bahria University Benefits from CGG GeoSoftware's Donation Program Promoting Geoscience Education

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10/25/2018 | 04:59am EDT

Paris, France - Postgraduate students at Pakistan'sBahria University (Karachi Campus) can now conduct more complex research into quantitative geophysics thanks to the donation by CGG GeoSoftware of a full suite of its advanced geoscience software. Exploration & production companies around the world use this software to better understand the Earth's subsurface, manage exploration and development risks, and maximize the potential of oil and gas reserves.

Students registered in the Department of Earth and Environment Sciences' postgraduate (MS Geology, MS Geophysics and PhD Geophysics) programs can use the Jason®, HampsonRussell, Insight Earth, PowerLog® and VelPro software to easily apply the latest and most advanced methodologies for inversion and rock physics modeling on their projects. Also, while learning and developing new seismic reservoir characterization techniques on real-world data, they will gain valuable skills for their future careers with prospective industry employers. Jimmy Ting, Far East region manager, GeoSoftware, CGG, presenting the software donation to Commodore Arshad M Khan SI(M), Director, Bahria University Karachi Campus at the ceremony (image courtesy of CGG GeoSoftware).

Bahria is the second university in Pakistan, after Nusrat Jahan College, to benefit from GeoSoftware's global University Donation Program (UDP). Its selection results from a collaboration initiative between the university's Karachi Campus, Pakistan Petroleum Limited, CGG and LMKR, CGG's reseller in Pakistan, with the aim of building and supporting a skilled geoscience community in the country. The university also has several research facilities, including a rock physics laboratory, that attract researchers and geoscience students from all over Pakistan.

Commodore Arshad M Khan SI(M), Director, Bahria University Karachi Campus, said: "Bahria University Karachi Campus highly acknowledges and appreciates the valuable contribution in terms of academic support and software to the labs. The contribution will go a long way in helping quantitative analysis and associated faculties. The inclusion of CGG GeoSoftware applications will open up a new horizon for our students in science and research."

Kamal al-Yahya, Senior Vice President, GeoSoftware, CGG, said: "Our continued investment in our UDP reflects CGG's strong corporate social responsibility to educate young people to safeguard the industry's ability to meet future energy demand. With a growing user base in Pakistan and in-depth knowledge of the varied petroleum systems within the country, we consider it a privilege to be able to partner with our client and a leading university like Bahria University to help train the country's next generation of geoscientists to better explore and produce natural resources."

About CGG

CGG (www.cgg.com) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.

CGG employs around 5,300 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.

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(C) 2018 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (PKR)
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EBIT 2019 75 509 M
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Debt 2019 -
Yield 2019 6,98%
P/E ratio 2019 4,42x
P/E ratio 2020 4,16x
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