Baker Hughes bags major contract from Petrobras for Buzios field operations

Baker Hughes (NASDAQ: BKR), a global leader in energy technology, has been awarded a significant contract by Petrobras for integrated well construction services in the Buzios field, located offshore Brazil. This strategic collaboration marks a pivotal moment in the energy sector, emphasizing Baker Hughes’ expertise and comprehensive capabilities in well construction.

The contract, set to commence in the first half of 2025, encompasses a wide array of drilling services, including drill bits, wireline, cementing, wellbore cleanup, fishing, remedial tools, fluids, services, and geosciences. Baker Hughes will deploy these services across three rigs throughout the multi-year agreement, reinforcing its position as a major provider of integrated solutions in the Brazilian market.

Maria Claudia Borras, Executive Vice President of Oilfield Services and Equipment at Baker Hughes, expressed pride in the company’s role in this significant project. “Baker Hughes is proud to contribute to this significant project and expand our long-standing relationship with Petrobras, establishing ourselves as a major provider of integrated solutions in Brazil,” she stated. This contract not only highlights Baker Hughes’ broad capabilities in well construction but also underscores its unwavering commitment to delivering excellence and value to its customers.

Baker Hughes has been instrumental in the initial phase of field development at Buzios, delivering advanced technology and equipment. The company’s contributions include drilling, completions, and wireline services, as well as the supply of WAG manifolds for water and gas management and over 240 kilometers of flexible pipes designed for deep-water operations. Additionally, Baker Hughes has provided turbomachinery for 10 of the 11 floating production storage and offloading (FPSO) units in the field, showcasing its technological leadership and innovation in the energy sector.