Baker Hughes Enhances Partnership with Petrobras
Baker Hughes, a renowned energy technology company, recently announced a strategic agreement with Petrobras to enhance offshore production in Brazil. This collaboration involves supplying up to 50 subsea tree systems and necessary services, aimed at optimizing oil and gas extraction across various fields.
Significant Award for Baker Hughes
In a major development, Baker Hughes has secured a substantial contract through an open tender, showcasing its commitment to supporting the energy sector in Brazil. This partnership highlights Baker Hughes' role in driving innovation and ensuring operational excellence in offshore energy production.
Advanced Subsea Systems for Efficient Production
As part of this agreement, Baker Hughes will manufacture subsea trees and various essential components, such as subsea distribution units and in-line tees. These advanced systems will facilitate safe and efficient production on the ocean floor, significantly enhancing recovery rates in both established and emerging fields.
Facilitating Growth in Brazil's Energy Sector
Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes, emphasized the importance of this agreement, stating it opens avenues for growth in Brazil's offshore sector. This work not only strengthens Baker Hughes' presence in the region but also aids Petrobras in responsibly developing its rich hydrocarbon resources, vital for fueling Latin America's energy needs.
Focusing on Modernization and Recovery
The subsea systems being introduced will significantly boost recovery in well-known oil fields like Albacora, Jubarte, and Barracuda-Caratinga. Moreover, they will be utilized in the latest pre-salt projects, including Mero and Buzios, aimed at optimizing production in new wells and ensuring that Brazil remains competitive in the global energy market.
Commitment to Economic Development in Brazil
Baker Hughes has also made substantial contributions to Brazil's offshore oil and gas sector, particularly through its localization strategy, which enhances the nation’s economy. With manufacturing and procurement expected to commence shortly, this project signifies a proactive approach to meeting Brazil's energy demands.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) stands as a pivotal force in the energy technology landscape, delivering innovative solutions globally. With over a century of experience, it operates in more than 120 countries, continuously striving to make energy safer, cleaner, and more efficient.
Contact for Further Information
Media Relations
Brian Reynolds
+1 346-315-6663
brian.reynolds@bakerhughes.com
Investor Relations
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
Frequently Asked Questions
What is the purpose of the agreement between Baker Hughes and Petrobras?
The agreement aims to supply subsea tree systems to enhance oil and gas production in Brazil, focusing on efficiency and safety.
How many subsea trees will Baker Hughes provide?
Baker Hughes is set to supply up to 50 subsea trees as part of this strategic partnership.
Which fields will benefit from this collaboration?
This collaboration will enhance production in established fields like Albacora and Jubarte, as well as newer developments such as Mero and Buzios.
When will the project commence?
Procurement and manufacturing for this project are expected to begin in the third quarter of 2025.
What role does Baker Hughes play in Brazil's economy?
Baker Hughes contributes significantly through its localization strategy, ensuring economic growth and innovation within Brazil's energy sector.
