Petrobras, Schlumberger sign pre-salt research agreement

Petrobras and Schlumberger have signed a technological cooperation agreement for pre-salt reservoir research and development.

Offshore staff

RIO DE JANEIRO -- Petrobras and Schlumberger have signed a technological cooperation agreement for pre-salt reservoir research and development. Included under the agreement are four research projects: Electromagnetic technologies to improve deep reservoir characterization; seismic data analyses technologies, also to improve reservoir characterization; nuclear magnetic resonance technologies, aimed to characterize complex reservoirs; and H2S electrochemical sensors. Additionally, six other projects are still under negotiation. The agreement will be in effect for three years, and can be renewed for an equal term. Petrobras foresees it will invest some $10 million in the projects.

The agreement will also establish the Schlumberger research center on the Fundão Island in Brazil during 2010. This center will be part of the company's technological excellence network and is the first to be deployed in the Southern Hemisphere. The excellence network is composed of 13 centers located in several countries, including Norway, the US, Saudi Arabia, Canada, and Singapore.

02/20/2009

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