Rice's SUBSURFACE GEOSCIENCE Students participated for the 4th year at the Imperial Barrel Award Competition:
The Imperial Barrel Award is a prestigious student competition, providing the opportunity to work with the best quality data industry can offer and compete with the best schools in the country.
Petro Challenge by Schlumberger: Petro Challenge is a competition held at leading universities in which teams compete and collaborate to discover and develop hydrocarbons. Students are divided into teams of four, with each student from different technical and non-technical disciplines. Each team creates an energy exploration company with a starting simulation budget of $500 million. The objective is to create the most value for their company. The competition utilizes the upstream learning simulator, OilSim, a software used by industry to train professionals in geology, geophysics, project management, strategy, decision making and teamwork. The teams study seismic surveys, magnetic, gravitational and environmental maps to determine the best place to find offshore hydrocarbons, farm-in and -out partnerships with other teams, chose rigs and subcontractors to drill, and consider CSR to reach their ultimate objective.
First and second place teams received cash prizes and the opportunity to compete at Nationals, held in Houston, Texas. One PSM Subsurface Geoscience student Bijia Zhang from the Subsurface Geoscience program was on the Â winning team at the 2016 competition.