RIO DE JANEIRO-- Reservoir Exploration Technology has won its largest ever ocean bottom cable seismic contract. The $210-million job for Petrobras is in Campos basin. RXT says it expects the 4C and 2C data collection to take two years. Work is scheduled to begin the second half of this year.
"This award underscores Petrobras' commitment to the application of high technology for their appraisal and development plans" said Mike Scott, RXT's president.