DealsMay 26, 2026, 07:02 AM
Baker Hughes Extends Major Well Construction Contract with Petrobras
AI Summary
Baker Hughes announced a major contract extension with Petrobras to provide integrated well construction solutions across Brazil's Santos Basin. This agreement expands the company's comprehensive operations in several pre-salt offshore oilfields, deploying advanced technologies like AutoTrak rotary steerable systems and Dynamus drill bits. The project, executed by Baker Hughes' Integration & Solutions team alongside Petrobras, aims to enhance efficiency and innovation in deepwater well construction, building on a previous 2024 award.
Key Highlights
- Baker Hughes secured a major contract extension with Petrobras for well construction.
- The agreement expands well construction operations in Brazil's Santos Basin pre-salt offshore fields.
- Advanced technologies like AutoTrak and Dynamus drill bits will be deployed.
- The project will be executed jointly by Baker Hughes' and Petrobras' teams.
- It leverages expertise across wireline, cementing, wellbore clean up, and geosciences.
- This builds on a previous well construction services award from early 2024.
Price Impact
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