Norwegian company gets US$11.7 million contract from Petrobras for offshore survey in Brazil

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Norwegian company, Electromagnetic Geoservices ASA (EMGS), has announced a contract award from Petrobras for a fully pre-funded multi-client survey offshore Brazil. The contract, valued at approximately US$11.7 million, is significant for EMGS as it is the first data acquisition project in Brazilian waters in almost a decade, the company said in a Jan. 31 announcement. 

The survey is scheduled to commence in late March or early April 2024. 

Bjørn Petter Lindhom, Chief Executive Officer (CEO) of EMGS, expressed enthusiasm about the company’s return to Brazil after a prolonged absence from the region. 

Petrobras said it surpassed production milestones in 2023 | OilNOW 

He said, “Based on these early signals, we are optimistic that 2024 will be a good and active year for EMGS.” In addition to the project offshore Brazil, Lindhom revealed that the company anticipates several acquisition projects on the Norwegian Continental Shelf in the coming months, signaling a promising outlook for EMGS’s operations in multiple regions.

Petrobras’ strategic plan for the period 2024-2028 includes a significant capital allocation of US$102 billion. In this blueprint, oil and gas are identified as primary drivers of growth, playing a key role in advancing the energy transition.

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