Boots & Coots Joins with Oklahoma State University to Announce the Formation of the Center for Fire Safety & Pressure Control
16 Aprile 2010 - 5:44PM
Business Wire
Boots & Coots, Inc. (NYSE: WEL), is collaborating with
Oklahoma State University (OSU) to establish the Boots & Coots
Center for Fire Safety & Pressure Control in OSU’s Fire
Protection and Safety Technology (FPST) department.
The Center’s purpose is to advance the state-of-the-art in
petroleum operations risk management and fire protection worldwide
through education, training, research and innovation. In addition
to training and education, the curriculum will include a
Distinguished Seminar Series, the development of a hazard
management competency assessment matrix, researching best practices
to support Boots & Coots’ Hazard Management Process and the
development and delivery of a Petroleum Fire Safety and Pressure
Control Certificate Program.
“The establishment of the Boots & Coots Fire Safety and
Pressure Control Center is strategically consistent with our vision
of being the premier pressure control company for the petroleum
industry and supports our objective to be a knowledge and
technology based trusted advisor to our customers, rather than
simply another service contractor,” said Jerry Winchester,
president and chief executive officer of Boots & Coots. “The
Center will provide additional training and materials for our
existing programs as well as a conduit for intellectual
resources.”
“We are excited about the Boots & Coots collaboration. The
Center will lead to an enhanced campus experience for FPST students
as well as help us continue our legacy of developing outstanding
fire and safety professionals. Students will learn state-of-the-art
technologies used by Boots & Coots and apply these technologies
to real world problems. Alternatively, Boots & Coots will
benefit by developing students and expanding its knowledge base in
fire safety and pressure control,” said Dr. Michael Larranaga,
Department Head of the FPST Department. The Center will be housed
in OSU’s Department of Fire Protection and Safety Technology, led
by a departmental faculty member, and will be overseen by an
advisory board composed of representatives of the petrochemical
industry.
“The Center will work closely with our technology group, which
includes PhDs in Petroleum Engineering as well as subject matter
experts in relief wells, multi-phase flow, enterprise risk
management and software development,” continued Mr. Winchester.
“Our goal is to develop technologies that help petroleum companies
manage risks associated with oil and gas exploration, development
and recovery activities.”
About Boots & Coots
Boots & Coots, Inc., with its headquarters in Houston,
Texas, provides a suite of integrated pressure control services to
onshore and offshore oil and gas exploration companies around the
world. Boots & Coots’ products and services include well
intervention services designed to enhance production for oil and
gas operators. These services consist primarily of hydraulic
workover and snubbing services. Boots & Coots’ equipment
services segment provides high pressure, high temperature rental
tools. The company’s pressure control services are designed to
reduce the number and severity of critical events such as oil and
gas well fires, blowouts or other incidences due to loss of control
at the well. This segment consists primarily of the company’s
Safeguard prevention and emergency response services. Additional
information can be found at www.boots-coots.com.
About Oklahoma State University
Oklahoma State University is a five-campus, public landgrant
educational system that improves the lives of people in Oklahoma,
the nation, and the world through integrated, high quality
teaching, research and outreach. More than 33,000 students attend
OSU with more than 21,000 on the main campus in Stillwater.
Students are from all 50 states and around 110 nations. Established
in 1890, OSU has graduated more than 200,000 students. Today, OSU
graduates are making a lasting difference in Oklahoma, the nation
and the world. Additional information can be found at
osu.okstate.edu.
Certain statements included in this news release are intended as
"forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. Boots & Coots cautions that
actual future results may vary materially from those expressed or
implied in any forward-looking statements. More information about
the risks and uncertainties relating to these forward-looking
statements is found in Boots & Coots' SEC filings, which are
available free of charge on the SEC's web site at www.sec.gov.
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