Schlumberger Ltd., Paris, granted a multi-year software license valued at $23 million to the Mining and Geological Engineering Department at the University of Arizona. The industry standard software is used throughout the oil and gas exploration and production industries, but its application in the mining industry is less common. The specific software packages covered under the license are Petrel workflow management software for mineral exploration and development; Eclipse oil and gas reservoir simulation program; and Techlog, a set of petrophysics analytical tools for oil and gas drilling. Baker Hughes Inc., Houston, introduced its trademarked Latidrill water-based drilling fluid system ...

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