PGT - Petroleum Geoscience Technology Ltda. Information

Founded in 2003 by two O&G professionals in Rio de Janeiro, PGT became a successful and renowned service and consulting company with over 50 employees and associates and annual sales of up to 3.5MMUSD. In 2008, Vale, PGT’s largest client at that time, decided to buy the company, which provided the basis for creating Vale’s Oil & Gas subsidiary. PGT main asset relied on the combination of multi-disciplinary expertise, international experience, and ability to apply state-of-the-art technology. By transforming data into information and information into knowledge, PGT helped its clients reducing exploratory risks, finding and producing hydrocarbons and maximizing their asset values. PGT headquarters were located in downtown, Rio de Janeiro. There were three regional offices, located in Curitiba, Ouro Preto and Salvador. Modern infrastructure enabled PGT to apply the most advanced hardware and software in the oil industry, and assure absolute confidentiality and information security for the clients. PGT shareholders, main executives and consultants had an extensive experience in the integration of geological and geophysical data applied to the solution of E&P problems throughout the world, particularly in Latin America and Africa. PGT also counted on a blend of highly-trained and experienced geologists, geophysicists, statisticians and engineers. The practical experience, management skills, and technical expertise of our team enabled PGT to provide a wide range of highly-specialized and comprehensive services and products. In its 5 years of existence, PGT conducted several consulting services and projects for clients in Brazil and other countries in Latin America: -Seismic interpretation and mapping - Gravity and magnetometry mapping - Stratigraphic analysis - Petroleum systems characterization - Surface geochemical prospection - Regional and reservoir-scale structural analysis - 1D, 2D and 3D modeling and integrated basin analysis - Prospect generation, assessment and validation - Portfolio management and selection of investment opportunities - Consultancy and technical support for Farm-ins/outs and Bid Rounds - Petrophysical analysis and reservoir characterization and modeling - Reservoir and flow line simulations - Consultancy for onshore/offshore production facilities projects - Due diligences and reserves evaluation and certification