Petrobras and Foro Energy signed a technology cooperation agreement (TCA) for high power laser drilling research and development. The program with the Leopoldo Americo Miguez de Mello Research & Development Center (CENPES) will focus on developing a next generation high power laser drilling system.
The TCA sets the framework for collaborative research between Petrobras and Foro Energy over an initial three-year time period with the opportunity for extensions.
The goal is to achieve a step change in drilling performance in the pre-salt (subsalt) reservoir. High-power lasers have the potential to deliver performance in drilling by increased rate of penetration, extremely low weight on bit and torque, thereby prolonging bit life and lower drilling cost per foot, Foro Energy said.
The agreement was signed by Andre Cordeiro Executive Manager of CENPES and Paul Deutch, CEO of Foro Energy. It follows a previously signed memorandum of understanding between the two companies enabling the opportunity for wider collaboration in utilizing high power lasers for additional applications.