Baker Hughes Expands Offshore Operations with Petrobras Deal
Baker Hughes Enhances Offshore Operations
Baker Hughes, an energy technology leader, has secured a contract extending its partnership with Petrobras, focusing on offshore stimulation vessels. This agreement is pivotal for optimizing oil and gas production in Brazil, particularly in the highly productive post and pre-salt fields. The contract highlights Baker Hughes' commitment to its Mature Assets Solutions strategy, aiming to boost customer value through enhanced recovery methods.
The Agreement Highlights
The multi-year agreement involves the deployment of two advanced vessels, known as the Blue Marlin and Blue Orca. This extension will facilitate optimization efforts for Petrobras as it seeks to improve its production capabilities. The agreement not only emphasizes the performance of these vessels but also includes the provision of specialized chemicals and services necessary for sustained production.
Innovative Solutions for Enhanced Production
According to Amerino Gatti, the executive vice president of Oilfield Services & Equipment at Baker Hughes, these stimulation vessels play a crucial role in maximizing production while minimizing downtime in offshore fields. With a rich history of operation in Brazil, both Blue Marlin and Blue Orca have established themselves as vital assets in making the country's pre-salt fields among the most productive globally. Through this contract, Baker Hughes continues to reinforce its strategy of extending the life of oil fields and enhancing recovery rates.
Advanced Technology and Expertise
The Blue Marlin and Blue Orca vessels are equipped with highly trained crews and advanced technology systems. Each vessel is fitted with onboard laboratories and high-pressure pumping systems, enabling them to conduct multiple stimulation operations without frequent returns to shore for resupply. This feature enhances efficiency and limits the nonproductive time impacting offshore operations.
Commitment to Safety and Environmental Standards
Notably, both vessels have operated in Brazilian waters since 2008 and 2023, respectively. Earlier this year, Petrobras acknowledged Blue Marlin and Blue Orca for their impressive health, safety, and environmental performance, proudly logging over 650 perfect HSE days. This acknowledgment underscores the dedication of Baker Hughes and Petrobras to maintaining the highest standards in operational excellence, safety, and environmental care.
Supporting Local Economies
Baker Hughes has taken significant steps in supporting Brazil's offshore oil sector while effectively contributing to the local economy. The collaboration includes sourcing the majority of the chemicals used by Blue Marlin and Blue Orca from within Brazil, thereby strengthening the local energy supply chain.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is a prominent energy technology company dedicated to providing innovative solutions for energy and industrial customers around the globe. With over a century of experience and operations in more than 120 countries, Baker Hughes focuses on advancing energy to be safer, cleaner, and more efficient for both people and the planet. For more information, visit bakerhughes.com.
Contact Information
Media Relations:
Brian Reynolds
+1 363-315-6663
brian.reynolds@bakerhughes.com
Investor Relations:
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
Frequently Asked Questions
What is the nature of Baker Hughes' contract with Petrobras?
The contract involves extending the operation of two stimulation vessels to enhance oil and gas production in Brazil.
What are the names of the vessels involved in the contract?
The vessels are referred to as Blue Marlin and Blue Orca.
How long have these vessels operated in Brazil?
Blue Marlin has been operational since 2008, and Blue Orca joined in 2023.
What kind of services does Baker Hughes provide through these vessels?
They provide advanced chemical treatments and stimulation operations tailored for oil and gas production.
How does this contract support the local economy?
Baker Hughes sources most chemicals used in operations locally, strengthening Brazil's energy supply chain.
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