HOUSTON--(BUSINESS WIRE)--NEOS GeoSolutions, Inc. today announced that it has opened an office in Rio de Janeiro, Brazil to handle the country’s rapidly increasing demand for advanced geoscience technologies and services. Covering an area about half the size of Europe, Brazil’s onshore basins are relatively underexplored, having been overshadowed by the huge oil & gas discoveries that have been made offshore in the Campos and Santos basins.
Carlos Fernandez, General Manager for NEOS’s Latin American operations, stated, “Our multi-measurement methodology allows us to acquire and interpret geoscience data at the basin scale. Since our approach to new data acquisition relies primarily on airborne methods, we are able to survey very large areas quickly and efficiently. We integrate these new geophysical and geochemical datasets with additional sources of geological information, such as well logs, seismic libraries, and the gravity and magnetic datasets that state-affiliated entities have acquired over almost all of Brazil’s onshore basins. Our geoscientists then simultaneously integrate and interpret all of these geo-information sources to help government agencies showcase the most prospective acreage to natural resource explorers, and to help these exploration firms make faster, better informed decisions about where to lease and which bid rounds to participate in.”
Brazil’s first oil & gas field was discovered in 1939 in the northeastern part of the country. Until 1968, Brazil’s oil & gas activity was focused exclusively onshore until the state-owned energy company, Petrobras, drilled the country’s first offshore well. Over the last decade, Petrobras and other large global E&P firms have been investing the vast majority of their exploration capital offshore, drawn by the mega-discoveries that have been made in the Campos, Santos, and Espirito Santos basins. Nonetheless, ANP, Brazil’s oil & gas leasing and regulatory agency, has been encouraging exploration activity in the country’s four primary onshore basins. The Amazonas, Paraná, Parnaiba, and Solimões basins span more than 5 million square kilometers, have sediment columns that can exceed 5 kilometers, and possess active hydrocarbon systems. Devonian black shales have served as the primary source rock for most of Brazil’s onshore hydrocarbon basins. Given the successful developments in other unconventional shale plays in North America and elsewhere, these shales are now attracting interest from oil & gas companies that are interested in drilling and producing them directly.
Mr. Fernandez commented, “The hydrocarbon potential of Brazil, both offshore and onshore, is truly exciting to contemplate. We believe we can be extremely helpful to both government-affiliated entities and to the natural resource explorers in assessing the potential of Brazil’s onshore basins. A local office will allow us to better understand the region’s exploration challenges and opportunities and enable NEOS’s geotechnical professionals to work in a highly collaborative and responsive manner with the many talented geoscientists and engineers who are based in Brazil. Moreover, we believe our local presence will allow us to work side-by-side with local partners who wish to co-invest in R&D programs that ensure our technologies are adapted to the unique exploration opportunities within Brazil.”
Below is the contact information for the Brazilian office of NEOS GeoSolutions:
NEOS GeoSolutions Brasil
Av. Marechal Floriano, 22 / 10º
Andar
Centro
Rio de Janeiro - RJ
CEP:
20080-007
About NEOS GeoSolutions
NEOS helps exploration teams in the onshore oil & gas and mining industries make faster, more informed decisions about where to explore, lease and drill. In partnership with its clients, NEOS acquires and simultaneously interprets multiple geological, geophysical, and geochemical datasets to identify hydrocarbons and minerals in the subsurface. The company is backed by a group of internationally recognized investors, including Bill Gates, Energy Capital Group, Goldman Sachs, Kleiner Perkins Caufield & Byers, and Passport Capital. For more information, visit www.neosgeo.com.