Skip to main content

TGS and Petrobras Sign MoU for Partnership in Scientific Research and Technological Development

Written by Customer Service on . Posted in Public Companies.

Houston, USA (27 August 2024) – TGS, a leading global provider of energy data and intelligence and Petrobras, one of the world’s largest energy companies, announced today the signing of a Memorandum of Understanding (MoU) to collaborate on scientific research and technological development activities in Brazil.

This MoU marks the beginning of a strategic partnership between the two companies, with the goal of leveraging the expertise and resources of both parties to drive innovation in the energy sector. The collaboration will focus on developing new technologies and conducting advanced research to increase efficiency and sustainability in oil and gas exploration and production. Additionally, it will drive innovation in renewable energy technologies and carbon capture solutions.

Partnership Objectives:

  • Technological Development: Petrobras and TGS will work together on the development of innovative technological solutions, focusing on improving the efficiency of exploration and production operations.
  • Scientific Research: The companies will collaborate on conducting scientific research that contributes to advancing knowledge about Brazil’s sedimentary basins, including the analysis of geological and geophysical data.
  • Sustainability: One of the main pillars of this partnership will be the development of technologies that promote sustainability in energy production, aligning with global commitments to reduce carbon emissions.

Kristian Johansen, CEO at TGS, commented: “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.”

Jonilton Pessoa, Executive Exploration Manager at Petrobras, added: “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.”

The MoU establishes the foundation for the creation of joint working groups and the initiation of research and development projects that will be implemented in the coming months. This collaboration reinforces both companies’ commitment to advancing science and technology in the energy sector, bringing benefits not only to the involved companies but also to the sustainable development of Brazil.

About TGS
TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).

About Petrobras
Petrobras is a Brazilian state-owned company and one of the largest energy companies in the world, focusing on the exploration and production of oil and natural gas, refining, marketing, and transportation of oil and its derivatives

For more information, visit TGS.com or contact:

Bård Stenberg
IR & Communication
investor@tgs.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.