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

Core Insights - Baker Hughes has received a significant order from Petrobras for workover and plug and abandonment services in Brazil's offshore pre-salt and post-salt fields, marking a multi-year project set to commence in the first half of 2025 [3][4] - The project will utilize Baker Hughes' integrated solutions portfolio, which includes a variety of services such as wireline, coiled tubing, cementing, and geosciences, aimed at optimizing performance for Petrobras [4][5] - The expansion of Baker Hughes' facilities in Macaé, Rio de Janeiro, will enhance coiled tubing and tubular running services, contributing to the growth of the Brazilian energy industry and workforce [1] Company Overview - Baker Hughes is an energy technology company listed on NASDAQ (BKR), providing solutions to energy and industrial customers globally, with operations in over 120 countries [2] - The company emphasizes innovative technologies and services that aim to make energy safer, cleaner, and more efficient [2] Project Details - The multi-year project will involve a comprehensive approach to operational excellence and localization, leveraging Baker Hughes' extensive technology portfolio and experience in Brazil [5] - The agreement includes the provision of remedial tools, completion fluids, and production chemicals, indicating a broad scope of services to be delivered [4]