More accurate prediction of the location of oil reserves and faster screening of potential new drugs could result from a new collaborative agreement between NuTec Sciences Ltd. and Daresbury Laboratory.
Daresbury’s Computational Science and Engineering group will work with NuTec on the development of advanced simulation software with applications from oil exploration to bioinformatics. The software will allow oil companies to interpret complex seismology data to give a much more accurate prediction of where new oil reserves may be found, reducing the time and expense of drilling in barren locations. It will also extend modelling to geological areas that are opaque to seismological soundings. The software can also be used to compare the complex three-dimensional shapes of potential new drug compounds against that of a target disease molecule whilst bringing in other essential information, such as the behaviour of the compound in the bloodstream. This will reduce dramatically the time companies spend searching for potentially active compounds.
In addition, the collaboration will embrace hardware developments in high performance computing and will contribute to the development of the north west science GRID, through which researchers both in academia and industry will be able to share their data analyses.
Dr Mike Keehan, Chairman and Chief Executive of NuTec Sciences Inc, said, "The relationship with Daresbury Laboratory is very important to us. We have recognized the high level of talent available at Daresbury and look forward to working together to bring value-added technology into the life sciences and energy services sectors."
Dr Paul Durham, Director of Computational Science and Engineering at Daresbury, said, "We are delighted to be working with NuTec Sciences. They have made real advances in computational simulation for the oil industry and we can jointly extend our mutual skills to benefit life sciences and bioinformatics. This is a great opportunity for the skills of both organisations to be harnessed for the benefit of UK science and industry".
Council for the Central Laboratory of the Research Councils (CCLRC). June 2001.