The MIT Energy Initiative (MITEI) and Total, a leading oil and gas company, have announced a new energy research collaboration that will support MIT's Joint Program on the Science and Policy of Global Change to further understand and mitigate global climate change.
As a MITEI Sustaining Member, Total will also support several research projects in subsurface imaging to reduce exploration and production costs and reduce environmental surface and sub-surface impacts for oil and gas development. This portfolio of technologies has direct application to heavy oil production, a critical oil resource especially in the Western Hemisphere where reserves in Canada and Venezuela alone are roughly double those of Saudi Arabia's conventional oil reserves. Subsurface imaging technologies also have broad application beyond oil and gas and could enhance geothermal energy production, carbon sequestration, and, potentially, nuclear waste disposal. Sponsoring of research projects in the field of renewable energies is also under consideration.
"We are excited to have Total as a member of the Initiative," said Professor Ernest Moniz, Director of MITEI. "The relationship between Total and MIT has been growing over several years and we are delighted to welcome them to the full range of MITEI activities. The research supported by Total at the Institute will address both sustainability and enhanced exploration and production for conventional energy sources with minimized impacts on the environment."
As a MITEI Sustaining Member, Total will have a seat on the MITEI governing board. The board provides key input on the direction and success of the Initiative's research portfolio.
Jean-FranÃ§ois Minster, Senior Vice President for Scientific Development at Total, said, "Research and development is a key component in Total's growth strategy and evolution. This strategy involves partnering with leading universities in energy science and technology. The MIT Energy Initiative is, in this framework, a unique endeavor that enabled us to define with MIT researchers a program that not only fits with our midterm strategy but also provides an excellent gateway to longer term evolutions and innovations. This R&D collaboration extends a multi-year mutually fruitful relationship between Total and MIT, which includes scholarships in favor of students specializing in energy or African MIT undergraduates and an annual education event for Total senior managers organized by Suzanne Berger of MIT and Total Corporate University."