Geoteric Announced as Key Player in Petrobras’ Ambitious Business Strategies

Global AI Seismic Interpretation experts Geoteric, and Petrobras have announced a landmark partnership.  As part of a multi-year, multi-million dollar agreement, Petrobras Exploration team have adopted Geoteric AI Fault Interpretation software.

Geoteric enables rapid interpretation of seismic data without compromising on quality or accuracy; dramatically shortening subsurface project timelines allowing energy companies to fast-track assets, operate more sustainably and achieve net zero targets by expediting carbon, capture and storage (CCS) activities.

The milestone agreement comes as Petrobras unveils its business strategy with a focus on advancing solutions for safe and responsible exploration and production. Geoteric AI Fault Interpretation will be deployed in the challenging areas of the pre-salt, Campos and Santos basins where accurate structural information is key in understanding salt movement, trap formation and reservoir compartmentalization.

Nicola Blanshard, CEO, Geoteric commented: “We are very proud to be continuing our relationship with Petrobras and playing a key part in plans to enhance exploration and production capabilities. Geoteric is renowned for its low user training threshold and seamless integration, meaning the technology can be installed today and deliver real business value tomorrow.”

Otaviano Pessoa, General Manager at Petrobras, said: “Our partnership with Geoteric demonstrates Petrobras’ commitment to continuous investment in innovative technologies that will strengthen our position as a global energy company prioritising people, safety and respect for the environment, generating value for future generations and a more sustainable world for all.”