Pathfinder Energy Corp. and Petroborn Óleo e Gás S/A Sign MOU for Onshore O&G Collaboration in Brazil
19 Agosto 2024 - 6:00AM
Business Wire
Pathfinder Energy Corp., a technology-driven company
specializing in resource identification and exploitation onshore
Oil & Gas in Brazil, has signed a Memorandum of Understanding
(MOU) with Petroborn Óleo e Gás S/A, a Brazilian oil and gas
exploration and production company.
This partnership aims to enhance the evaluation, acquisition,
exploration, and production of onshore oil and gas assets in
Brazil. The collaboration leverages Pathfinder Energy Corp.'s
advanced technological expertise and Petroborn's local knowledge
and operational experience, positioning both companies to make a
significant impact on the Brazilian oil and gas sector.
“We are thrilled to collaborate with Petroborn Óleo e Gás S/A,”
said Licurgo Albuquerque, President of Pathfinder Energy Corp.
“This MOU represents a major step forward in our mission to
leverage cutting-edge science for resource exploitation. Together,
we can unlock substantial value from Brazil’s onshore O&G
assets.”
Petroborn’s CEO, Marcos Farina, added, “Partnering with
Pathfinder aligns with our strategy to enhance our exploration and
production. This collaboration enables us to utilize Pathfinder’s
innovative technologies to maximize our assets' potential and
highlight oil & gas opportunities to the Canadian market.”
The MOU establishes a framework for the companies to collaborate
on projects, focusing on high-potential assets, thorough
evaluations, and efficient exploration and production strategies.
Both companies are committed to operational excellence, safety, and
environmental stewardship, aiming to drive growth and deliver
sustainable value to stakeholders.
About Pathfinder Energy Corp.
Pathfinder Energy Corp. is a technology company focused on
identifying and exploiting critical resources from onshore oil and
gas in Brazil. Committed to innovation and sustainability,
Pathfinder aims to lead the industry in resource exploration and
production.
About Petroborn Óleo e Gás S/A
Petroborn Óleo e Gás S/A is an independent Brazilian oil and gas
exploration & producer company with assets on Tucano Sul and
Reconcavo Basing in Brazil and dedicated to unlocking Brazil’s full
oil and gas resource potential.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240819436641/en/
Licurgo Albuquerque licurgo@pathfinderenergycorp.com +1
(778)773-5731