Geospace Technologies Secures Major PRM Contract with Petrobras for Mero Fields

Reuters
06-17
Geospace Technologies Secures Major PRM Contract with Petrobras for Mero Fields

Geospace Technologies Corporation has secured a Permanent Reservoir Monitoring contract from Petrobras for the Mero Fields 3 and 4, located offshore in the Santos Basin near Rio de Janeiro, Brazil. The contract entails the supply and installation of nearly 500 kilometers of the OptoSeis® PRM system across a 140 square kilometer seabed area. Beginning in June 2025, the multi-year agreement includes the engineering, procurement, construction, and operation of the monitoring system, with installation handled by Blue Marine Telecom. The OptoSeis® system, known for its high dynamic range and data fidelity, aims to optimize oil production in the Mero field. The project is part of a collaboration with Petrobras and partners including Shell Brasil, TotalEnergies, CNODC, CNOOC, and Pré-Sal Petróleo S.A.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geospace Technologies Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250616404017) on June 16, 2025, and is solely responsible for the information contained therein.

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