Norwegian geoscience firm Spectrum entered into a cooperation agreement with US oilfield services giant Schlumberger to acquire 50% ownership in Spectrum's Pelotas multiclient program.
The cooperation agreement includes more than 30,000km of regional 2D seismic data in the new frontier Pelotas Basin, offshore Brazil.
The program includes the recently acquired Pelotas Phase 1 seismic acquisition, comprising 7438km of 2D data.
Pelotas Phase 2, currently being acquired, consists of up to 12,000km of 2D data and more than 12,000km of recently reprocessed regional 2D data.
The Pelotas Basin is an untapped hydrocarbon province comprising a 280,000sq km passive margin located on the southeast coast of Brazil, bordering Uruguay to the south. Spectrum and Schlumberger will provide more than 30,000km of data to the industry prior to the anticipated offering of the Pelotas Basin in the upcoming Bidding Round 13.
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