Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activities in Brazil.
According to TGS, this MoU establishes a strategic partnership between the companies to advance innovation in the energy sector. The collaboration will focus on developing technologies, conducting research to improve oil and gas exploration efficiency, and advancing renewable energy technologies and carbon capture solutions.
Petrobras and TGS will collaborate on developing technological solutions to improve the efficiency of exploration and production operations, as well as on conducting scientific research on Brazil’s sedimentary basins and analyzing geological and geophysical data.
The partnership will also focus on creating technologies that enhance sustainability in energy production, aligning with global efforts to reduce carbon emissions.
“We are honored to work alongside Petrobras on such important technical initiatives. The combination of our expertise in data acquisition and processing combined with Petrobras’s operational capabilities promises to deliver significant results for the Brazilian energy industry,” said Kristian Johansen , CEO of TGS.
“This partnership with TGS Brazil reflects our ongoing commitment to innovation and sustainability. We are excited to collaborate with a company that shares our vision of a more efficient and sustainable energy future,” added Jonilton Pessoa , Executive Exploration Manager of Petrobras.
Petrobras has big plans for Brazil, which entail the start-up of 14 FPSOs from 2024 to 2028 in line with its ‘ Strategic Plan 2024-2028 ‘ demonstrating the firm’s intent to spend $102 billion over the next five years, with $11.5 billion earmarked for projects propelling its decarbonization journey forward, focusing on biorefining wind, solar, carbon capture, utilization and storage (CCUS) and hydrogen. The strategic plan aims to strengthen and prepare the company for the future by pursuing a diversified mix of energy sources, which Petrobras perceives to be essential for “a fair and responsible energy transition.”