Brazil-focused Pathfinder Power Corp has signed a memorandum of understanding (MoU) with Petroborn Óleo e Gás S/A, a Brazilian oil and fuel exploration and manufacturing firm.
The partnership goals to boost the analysis, acquisition, exploration, and manufacturing of onshore oil and fuel belongings in Brazil, Pathfinder Power mentioned in a information launch.
The collaboration leverages Pathfinder Power’s superior technological experience and Petroborn’s native information and operational expertise, “positioning each corporations to make a big impression on the Brazilian oil and fuel sector,” in response to the discharge.
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The MoU establishes a framework for the businesses to collaborate on initiatives, specializing in high-potential belongings, thorough evaluations, and environment friendly exploration and manufacturing methods.
“We’re thrilled to collaborate with Petroborn Óleo e Gás S/A,” Licurgo Albuquerque, President of Pathfinder Power, mentioned. “This MoU represents a significant step ahead in our mission to leverage cutting-edge science for useful resource exploitation. Collectively, we are able to unlock substantial worth from Brazil’s onshore O&G [oil and gas] belongings”.
Petroborn CEO Marcos Farina mentioned, “Partnering with Pathfinder aligns with our technique to boost our exploration and manufacturing. This collaboration allows us to make the most of Pathfinder’s modern applied sciences to maximise our belongings’ potential and spotlight oil & fuel alternatives to the Canadian market”.
Vancouver-based Pathfinder Power Corp. describes itself as a know-how firm targeted on figuring out and exploiting vital assets from onshore oil and fuel in Brazil. Dedicated to innovation and sustainability, Pathfinder mentioned it goals to steer the trade in useful resource exploration and manufacturing.
In keeping with the corporate’s web site, Pathfinder Power has partnered with processing firm GTSeis, an organization bringing superior seismic imaging to the useful resource exploration market.
Petroborn Óleo e Gás S/A is an unbiased Brazilian oil and fuel exploration and producer firm with belongings on Tucano Sul and Reconcavo Basin in Brazil. The corporate is devoted to unlocking Brazil’s full oil and fuel useful resource potential, in response to the discharge.
To contact the writer, e mail rocky.teodoro@rigzone.com
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