Petrobras Awards PGS Three-Year Seismic Contract

PGS Suporte Logistico e Servicos Ltda (Petroleum Geo-Services Data Processing) in Rio de Janeiro, Brazil, has been awarded a three year contract by Petrobras to process a minimum 14,000 square kilometers of 2D and 3D seismic data. Processing of the data will commence in 2006.

PGS opened its Data Processing office in Rio de Janeiro in May 2004 increasing its long term commitment to the Brazilian E&P market as a provider of leading edge seismic solutions and has recently doubled the processing capacity at the center to over 12Tflps.

"Our compute expansion is testament to PGS' long term commitment to the Brazilian E&P industry. Petrobras represents a very important customer for us, and we are delighted to have secured this long term contract with them", says Nathan Oliver, Vice President Data Processing North and South America.

"PGS has shown tremendous commitment to Brazil having operated locally for many years and presently has the largest privately owned Data Processing Centre in the country. The award of this contract to PGS Suporte Logistico e Servicos Ltda is a direct result of their unique technology portfolio and long-standing history of continuous effort in providing seismic solutions tailored to Petrobras E&P needs", quoted Ricardo Rosa, Head of Geophysical Technology group from Petrobras.