Baker Hughes Awarded Major Integrated Solutions Contract for Petrobras’ Offshore Fields

Energy technology company Baker Hughes (NASDAQ: BKR) disclosed on Monday a significant contract with Petrobras for workover and plug and abandonment (P&A) services across pre-salt and post-salt fields offshore Brazil.

The multi-year initiative, slated to commence in the first half of 2025, will leverage Baker Hughes’ integrated solutions portfolio to enhance performance for Petrobras. This comprehensive approach will encompass wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing, and geosciences services across all of Petrobras’ offshore operations. Additionally, the agreement encompasses the provision of Baker Hughes’ remedial tools, completion fluids, and production chemicals.

Maria Claudia Borras, Executive Vice President of Oilfield Services & Equipment at Baker Hughes, expressed, “Baker Hughes brings to this important project a comprehensive technology portfolio, a deep understanding of localization, and a rich history of working in Brazil. Flawlessly integrating these capabilities will be essential to the success of the project. Our expertise in integrated solutions is the foundation for efficiently taking energy forward in Brazil.”

In furtherance of the project and the advancement of Latin America’s energy sector, Baker Hughes will expand its facilities in Macaé (Rio de Janeiro) to include coiled tubing and tubular running services, contributing to the growth of Brazilian industry and its workforce.

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