Sciencesoft receives £670,000 grant for oil and gas industry simulation software

Glasgow-based software development company Sciencesoft has received a SMART:SCOTLAND £670,000 grant from Scottish Enterprise to develop simulation software for oil and gas industry, it was announced on 3 October.

The company received an initial research and development grant in 2015 to build a tool called MetEOR, which assists engineers by simulating complex chemical-enhanced oil recovery activities.

Scottish Enterprise appraisal team leader, Dr Wendy Hanson, said: “The retention and diversification of talent in Scotland’s energy industry is key, especially when we have seen a decline in this market in recent years. It is commendable to see Sciencesoft invest in developing software that has wider economic benefits not only in Glasgow but across Scotland and globally.”

Scottish Enterprise

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