The University of Karachi (UoK) and GoldenSun Petroleum Services & Technology (GPST) signed the memorandum of understating (MoU) at the Vice Chancellor Secretariat.
As per the MoU, GoldenSun Petroleum Services, which is a subsidiary of Global Power Technology (GPT) Beijing – China, will provide 10 licenses of GES– a common platform to conduct interpretation of geoscientific and engineering datasets, and 3D modeling for geology and geophysics, petroleum engineering and mining engineering works by integrating seismic, bore-hole, historical field production and outcrop data—to the UoK department of geology.
According to the MoU, the licensed software will be used by faculty members and students to conduct academic studies, research, training, and industrial projects related to the exploration and exploitation of energy and geo-resources in Pakistan.
The UoK department of Geology and GoldenSun Petroleum Services have also agreed that the subsidiary of a Chinese company will provide training to the faculty and students of the department from time to time, on the operations of the gifted software that is commercially equivalent to US$ one million.
The UoK VC Prof Dr Khalid Mahmood Iraqi and Ghulam Shabeer the Chief Executive Officer GoldenSun Petroleum Services (SMC- PVT) Limited inked the MoU documents.
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