Baker Hughes (BKR) announced Monday a significant order from Petrobras (PBR) for workover and plug and abandonment services in pre-salt and post-salt fields offshore Brazil. The multi-year project, set to start in the first half of 2025, will be managed with Baker Hughes’ integrated solutions portfolio to optimize performance for Petrobras. Baker Hughes’ integrated approach will deploy wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing, and geosciences services in all of Petrobras’ offshore fields. The agreement also includes Baker Hughes remedial tools, completion fluids and production chemicals.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Baker Hughes Awarded Major Integrated Solutions Contract for Petrobras’ Offshore Fields
- Baker Hughes reports U.S. rig count down 6 to 594 rigs
- Baker Hughes reports U.S. rig count unchanged at 600 rigs
- Baker Hughes reports U.S. rig count down 4 to 600 rigs
- Baker Hughes to Support Strategic Gas Project in Algeria to Enhance Italy, Europe’s Energy Security