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

Core Insights - Baker Hughes has secured a significant multi-year project with Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil, set to commence in the first half of 2025 [3][2] - The project will utilize Baker Hughes' integrated solutions portfolio, which includes a variety of services such as wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing, and geosciences [2][4] - The company plans to expand its facilities in Macaé, Rio de Janeiro, to enhance coiled tubing and tubular running services, thereby contributing to the growth of the Brazilian industry and workforce [4] Company Overview - Baker Hughes is an energy technology company with a century of experience, operating in over 120 countries, and focuses on making energy safer, cleaner, and more efficient [1][3] - The company emphasizes its comprehensive technology portfolio and deep understanding of localization as key factors for the project's success [1]