Texas-based oil services group Halliburton and Petrobras, the Brazilian state-owned oil and gas company, have signed a multi-year technology co-operation agreement to accelerate collaboration targeting complex reservoirs including the deepwater pre-salt reserves off the coast of Brazil. They will focus on 11 main challenges: reducing well construction costs, long-term reservoir monitoring and increasing well productivity. The companies first joined forces in 2009 and have collaborated on three projects since then.
Texas-based oil services group Halliburton and Petrobras, the Brazilian state-owned oil and gas company, have signed a multi-year technology co-operation agreement to accelerate collaboration targeting complex reservoirs including the deepwater pre-salt reserves off the coast of Brazil. They will focus on three main challenges: reducing well construction costs, long-term reservoir monitoring and increasing well productivity. The companies first joined forces in 2009 and have collaborated on 11 projects since then.