Petrobras and Shearwater have entered into a collaborative technology agreement aimed at reshaping seismic exploration and field developments in Brazil

The multi-year strategic partnership is set to evolve the seismic industry to new levels of performance.

Central to this endeavour is Shearwater’s marine vibrator, with the engineering name of project BASS. This innovative seismic source technology promises significant gains in operational efficiency, seismic data quality, and reduced sound emissions when compared to traditional methods. This enduring commitment will encompass the industrialisation of Shearwater’s marine vibratory source technology and associated services for the Brazilian offshore basins.

Roberta Alves Mendes, Reservoir Technology General Manager at Cenpes Petrobras:
"This project aims to accelerate the exploration and development of the Brazilian fields, leveraging increased operational efficiency, innovative geophysical improvements and better control of seismic frequencies emitted in the Brazilian waters.”

Irene Waage Basili, CEO at Shearwater:
"This historic collaboration merges cutting-edge technology and innovation with our well-established business rapport with Petrobras in Brazil. The combination of this groundbreaking seismic source with our inhouse Pearl node technology, empowers Shearwater and Petrobras to elevate the standards of quality, efficiency, and sustainability within the realm of seismic solutions.”

About Shearwater GeoServices Holding AS

Shearwater GeoServices Holding AS is a global, customer-focused and technology-driven provider of marine geophysical services. The company has the world’s largest fleet of high-end seismic vessels and a portfolio of proprietary technologies and software that provide customers with a full-range of towed streamer and ocean bottom geophysical acquisition techniques, efficient surveys and high-quality data. Shearwater has an industry-leading cost position and a strong balance sheet. Headquartered in Bergen, Norway, Shearwater is largely owned by RASMUSSENGRUPPEN AS, Schlumberger, and GC Rieber AS.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.