ICF International Selected to Study Environmental Feasibility for Development of Offshore Oil and Gas Field Deposits in Brazil
Company to Conduct EIA and Other Studies of Newly Discovered Gas Reservoir
Fairfax, Virginia, May 8, 2008 -
ICF International (NASDAQ: ICFI) has been selected by the Brazilian energy company Petrobras to conduct environmental studies to support the licensing of oil and gas exploration and production off the coast of São Paulo, where giant reservoirs were discovered earlier this year. The discovery of these fields in the Santos Basin is expected to help Brazil achieve self-sufficiency in natural gas within a few years and to contribute to the expansion of Brazilian oil production.
ICF has also been awarded a second contract to conduct similar studies in the Foz do Amazonas and Pará-Maranhão basins, located offshore near the mouth of the Amazon River in the north of Brazil. Little is known about the basins, and the studies will support Petrobras’ efforts to find and develop additional petroleum resources.
The total value of the two projects is approximately $1.5 million. The work will extend over three years.
“ICF is pleased to work with Petrobras to help the Brazilian government’s efforts to become less dependent on oil and gas imports,” said Lucia Silva, principal-in-charge of ICF’s environmental services in Brazil. “With the recent discoveries of gas deposits off Brazil’s south-central coast, the time is ripe for environmentally sound exploration. Building upon our previous experience in this region, the new award demonstrates recognition of ICF’s excellent qualifications in the Santos Basin.”
ICF engineers and scientists will conduct Environmental Impact Assessment and Environmental Viability studies to assess potential impacts to the marine environment as well as the coast and coastal communities that may be affected by the exploration and production activities.
About ICF International
ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,000 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
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