Uzma takes part in joint study with Petronas, academia

PETALING JAYA: Uzma Bhd has announced its participation in a joint industry project agreement (JIP) which looks to better equip oil and gas industry players with improved methods for carbon dioxide (CO2) injection modelling for future Enhanced Recovery Oil (EOR) projects.
Uzma will join Petroliam Nasional Bhd’s (Petronas) first ever JIP with Heriot-Watt University, Petronas Research Sdn Bhd and Institute of Technology Petronas Sdn Bhd.
This project marks Uzma’s first official large-scale venture into a new area of research and development. The joint study will span the next three years, whereby the project will focus on minimising uncertainties affecting the predictions of hydrocarbon recovery as well as supporting the simulation studies through the acquisition of key physical data.
Following the study’s completion, the results, learnings and methods obtained will be applied to real field scenarios using data supplied by Uzma and Petronas. Uzma is the sole participant from the local oil and gas industry.
In a filing with the stock exchange, Uzma said the JIP collaboration between academia and industry players are intended to develop best-in-class work-flows and methodology for simulating field-wide CO2 EOR projects.