April 26, 2017
Schlumberger has won a major contract in Brazil and will provide software for exploration and production in the Libra field, as well as related services. The agreement with the consortium of Libra, formed by Petrobras, Royal Dutch Shell, Total, CNOOC and CNPC, will last five years.
The contract includes the supply of Petrel software, which focuses on geological and geophysical interpretation, geological modeling and reservoir engineering. The Libra field is the country’s largest deepwater oil field, with an estimated volume of recoverable oil between 8 and 12 billion barrels.
The company also secured a similar contract in Taiwan, where it will provide the same system to the CPC Corporation. In addition, Schlumberger will also make available the Techlog well software and the Eclipse reservoir simulator. “The breadth and depth of Schlumberger’s software portfolio and our ability to provide localized services and support were critical to the achievement of this agreement,” the company said in a statement.