Funded by: Aramco Services Company, BGP China National Petroleum Company, BHP Billiton Petroleum, BP America, CGGVeritas, Chevron, ConocoPhillips, ExxonMobil, JX Nippon Oil and Gas Exploration, OptaSense, Petrobras, PGS Geoscience and Engineering Division, Repsol, RIPED, Shearwater Geo Services, Shell International Exploration and Production, TGS USA, Total Exploration and Production (SEP "Affiliates," 2023)
Total funding: Unclear; annual affiliate membership fee $55,000 (SEP "Membership," 2023)
Notes: 1970s - present
Stated purpose: "The Stanford Exploration Project (SEP) is an industry-funded academic consortium whose purpose is to improve the theory and practice of constructing 3-D and 4-D images of the earth from seismic echo soundings" (SEP "Home," 2023).
Recent headlines from the group:
"Big Oil’s New Favorite Toy : Supercomputers : Xukai Shen, a geophysicist working at BP Plc (and a SEP alumn), had a hunch he could solve a riddle that had vexed the company: whether there was a lot of oil hidden beneath a salt dome 7,000 feet underwater in the Gulf of Mexico. So he asked to use the company's supercomputer exclusively for two weeks to check it out."
"BP finds trove of oil in Gulf of Mexico using new subsea imaging : British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations that had befuddled oil exploration for decades. The algorithm that allowed BP to see under salt was designed by SEP grad Xukai Shen."
"After billion-barrel bonanza, BP goes global with seismic tech : Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. The software used in the Gulf, based on an algorithm created by Xukai Shen, a geophysicist straight out of Stanford University, led to BP discovering the crude in an area where it had long thought there was none to be found. Wolfspar development was spearheaded by Joe Dellinger, another SEP alumnus.”
Donor benefits include:
Informal interactions with researchers and networking events
"Exposure to Stanford researchers at a high level, targeted to areas that will best serve the members' interests"
Early access to research progress reports and grad student recruiting (SEP "Membership," 2022)