Baker Hughes Secures Multi-Year Contract with Petrobras for Offshore Stimulation Vessels

Core Viewpoint - Baker Hughes has secured a multi-year agreement with Petrobras to extend the deployment of the Blue Marlin and Blue Orca stimulation vessels, aimed at optimizing offshore oil and gas production in Brazil's pre-salt and post-salt fields [1][4]. Group 1: Agreement Details - The agreement includes the provision of advanced chemical treatments and associated services to maximize production in both brownfield and greenfield developments across multiple basins [2][3]. - Blue Marlin and Blue Orca have been operational in Brazil since 2008 and 2023, respectively, and have been recognized for their health, safety, and environment (HSE) performance, achieving over 650 perfect HSE days as of September 1 [4]. Group 2: Operational Capabilities - The vessels are equipped with highly trained crews, onboard laboratories, high-pressure pumping systems, and robust chemical storage, allowing for tailored chemical treatments and multiple stimulation operations without returning to port [3]. - This capability helps to limit nonproductive time for offshore production assets, enhancing operational efficiency [3]. Group 3: Economic Impact - Baker Hughes' localization strategy contributes to Brazil's economy, with the majority of chemicals used by the vessels being sourced locally, thereby strengthening the local energy supply chain [5]. Group 4: Strategic Importance - The agreement reinforces Baker Hughes' Mature Assets Solutions strategy, which focuses on extending the life of fields, enhancing recovery, and delivering greater value to customers [3][7].