The TCA sets the framework for collaborative research projects between the two companies over a three-year time period in specific areas like 4D seismic processing, imaging and reservoir geophysics.
The research projects will be held at a recently inaugurated CGGVeritas Technology Center in Rio de Janeiro.
The Rio Technology Center is opened to provide oil and gas operators in Brazil direct access to geophysical technology developed or customized by a dedicated R&D team focused on solving local geophysical challenges. The Rio Technology Center is also building partnerships with universities in Brazil.
Robert Brunck, chairman and CEO of CGGVeritas, said: ““We look forward to building on this successful partnership and widening our technical cooperation through the joint pursuit of strategic R&D projects for the development of innovative, customized technologies that will improve the understanding of the geological challenges prevalent here in Brazil and the wider Latin America region.”
