July 02, 2024

Press Release – iConcept JIP Phase 3


Deep Seed Solutions is proud to announce the signing of a contract for a Joint Industry Research and Technology Development Project, iConcept JIP – Phase 3, with Repsol Sinopec Brasil and Petrogal Brasil.

Aligned with the strategic objectives of efficiency of capital projects, low carbon economy, and energy transition, the i-Concept JIP Phase 3 focuses on the development of applied computational modules to generate and rank a wide variety of offshore conceptual systems, including renewables energies technologies to be combined with traditional power sources and the integration of the expert system FLOCO® with commercial reservoir simulators.

The new phase of i-Concept Project reinforces Repsol Sinopec Brasil’s strategy to develop solutions using the most advanced digital transformation technologies to drive new ways to support the energy transition in our industry and energy efficiency in our operations.“, says Rafael Valladares, Sr. researcher at Repsol Sinopec Brasil.

According to Gabriel Bassani, Project Development Engineer at Petrogal Brasil, “The i-Concept JIP Phase 3 exemplifies Petrogal Brasil’s commitment to digital innovation and sustainability. This phase will drive significant advancements in our energy transition strategy by leveraging cutting-edge technology.

The previous phase of the i-Concept JIP project was awarded the Best Digital Transformation Technology (Upstream) by the 2023 Gulf Energy Excellence Award, one of the most significant international events that recognizes innovative technologies.

Leandro Basilio, CEO at Deep Seed Solutions, said, “We are proud to partner with RepsolSinopec Brasil and Petrogal Brasil, who share our vision for a cleaner, more efficient energy future.

Thanks to the support of ANP, the National Agency of Petroleum, Natural Gas, and Biofuels of Brazil, this project’s technology will provide Brazil with a significant competitive advantage in the conceptual engineering process of developing offshore energy provinces. 

About DSS: Deep Seed Solutions is an innovative organization that develops technologies applied to complex engineering processes. Focusing on the Energy Industry, the company is collaborating with the efficiency of capital projects, the low-carbon economy, and the energy transition through its strong expertise in digital transformation.

About Repsol-Sinopec: Repsol Sinopec Brasil is a pioneer private company in opening the E&P market and exploring the Brazilian pre-salt. The company is one of the largest producers in the country, with operations in the Albacora Leste field in the Campos Basin and the Lapa and Sapinhoá fields—the third largest producing fields in Brazil—in the pre-salt layer of the Santos Basin.

About Petrogal Brasil S.A.: Established in 1999 and based in Rio de Janeiro, represents Galp’s Upstream affiliate in Brazil. The company has a strong presence in the prolific Santos Basin, participating in significant projects such as Tupi/Iracema (largest O&G field in country), Sépia/Atapu, Berbigão, Sururu and Bacalhau fields. Petrogal Brasil is a Joint Venture between Galp Energia (70%) and Sinopec (30%).