Intel signs cooperation agreement with Petrobras

Monday, May 30, 2011

Brazilian state-run energy major Petrobras (NYSE: PBR) and its fuel distributor BR Distribuidora have signed an MOU with US chip manufacturer Intel (NYSE: INTC).

In a statement, Petrobras said the MOU is for cooperation in developing technological solutions for oil and gas exploration and production.

The deal is valid for 12 months, during which Petrobras and Intel will hold technical discussions and seek opportunities for joint activities in areas such as seismic surveys and communications in the exploration and production segments, among others.

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