CypherCrescent Donates $1.5m Software to AUST
Adedayo Akinwale
A software company, CypherCrescent has donated 15 licence SEPAL software worth $15 million to the African University of Science and Technology (AUST), Abuja, following the recent launch of the Technical Research Support Initiative between the firm and the Committee of Heads of Petroleum Engineering Departments in Nigeria (CHPED).
The Technical Director of the company, Mr. ThankGod Egbe, while making the donation, explained that SEPAL software is an innovative and novel technology developed by the company for efficient well and reservoir management or analysis.
He said the software was first of its kind in the oil and gas industry for endto-end Well and Reservoir Management (WRW) as it integrates data from the five WRW disciplines- Reservoir Engineering, Production Technology, Petrophysics, Production Geology and Asset Well Engineering.
Egbe stated that the software and related training would assist the students to understand more efficient ways to manage well and reservoir; improve the quality and output of their academic research; and prepare them for typical challenges of the industry.
He said the company does not have any foreign partner as all its workers are Nigerians, adding that the software was developed to proffer solutions to the challenges in the oil and gas industry.
“I worked in the industry for 10 years and I saw the challenge of production optimisation and then looked at the opportunities in Nigeria. So, I resigned from Shell Petroleum to offer solution that will help us optimise production from existing wells.
“The software will help companies to understand the performance of their existing wells and to optimise production without necessarily drilling new wells.
“We can get a lot from our wells. We have over 5,000 wells in Nigeria and if we are able to put this into an intelligent data base for us to query and understand the performance of the wells, we can increase production and optimise cost as much as possible.
”Most of the wells are shutting-in because of integrity and performance. Our software understands why the well was shut-in and what do I need to do to bring the well back to production without necessarily going to drill new well,” the technical director added.