Press Releases

Society of Petroleum Engineers Receives Major Funding Commitments from Shell

08/04/2004

The Society of Petroleum Engineers (SPE) announce today a multi-year funding commitment of $400,000 by Shell Exploration & Production, to Tomorrow's SPE: Investing in SPE.org, a special fundraising effort undertaken by the SPE Foundation

The funds will be used to enhance SPE’s use of Internet technology to serve the petroleum industry. Shell’s commitment is among the largest to date and, when coupled with those of other oil and gas companies and SPE leaders, catapult the SPE and SPE Foundation fundraising effort toward its goal.

“Shell is proud to support the Society of Petroleum Engineers’ project to enhance their Web site.   For many years, petroleum professionals have relied upon SPE’s technical library, conferences and various publications to provide current industry information. Since most of the information is now accessible via the Web, it is critical that SPE’s Web site have advanced capabilities,” said Gaurdie Banister, regional technical director for Shell EP Americas.

“Since SPE.org was first introduced in 1995 it has been recognized as a critically important resource for the oil and gas industry,” said Don Stacy, SPE foundation trustee. “The funds contributed by Shell and others will be used to create a state-of-the-art ‘knowledge portal,’ that will significantly improve access to vital technical information and facilitate collaboration and continuing education efforts.”

“Corporate donations, such as the generous investment from Shell, set the pace for others to emulate.   It is entirely appropriate that Shell be among our most generous donors, given that nearly 2,000 Shell employees are active SPE members and four Shell engineers have served as presidents of SPE since 1974,” adds Dennis Gregg, another SPE foundation trustee.

For more information on SPE, the SPE Foundation and Tomorrow’s SPE: Investing in SPE.org, visit www.spe.org - opens in new window, and for more information related to Shell visit www.shell.com - opens in new window (links open in a new window)

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The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose members are engaged in energy resources development and production. SPE serves more than 60,000 members from over 100 countries worldwide. SPE is a key resource for technical knowledge related to the oil and gas exploration and production industry and provides services through its publications, conferences, workshops, forums, and online at www.spe.org - opens in new window (link opens in a new window).