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

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) has secured a multi-year contract extension with Petrobras for two stimulation vessels, Blue Marlin and Blue Orca, to support offshore operations in Brazil's post and pre-salt fields. The vessels will provide advanced chemical treatments for well stimulation and support well construction through gravel pack and frac pack operations.

The vessels feature onboard laboratories, high-pressure pumping systems, and chemical storage capabilities, allowing for customized well treatments without frequent port returns. Both vessels have demonstrated strong safety records, with over 650 perfect HSE days as of September 1. The Blue Marlin has operated in Brazil since 2008, while the Blue Orca joined operations in 2023.

Positive

• Contract extension strengthens Baker Hughes' long-term presence in Brazil's offshore market
• Vessels' capabilities reduce nonproductive time for offshore production assets
• Strong HSE performance with over 650 perfect safety days
• Local sourcing of chemicals supports Brazil's economy and supply chain

Negative

• None.

News Market Reaction

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-1.59% News Effect

On the day this news was published, BKR declined 1.59%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

• Contract extension for two stimulation vessels supports offshore operations in Brazil’s post and pre-salt fields
• Award reinforces Baker Hughes’ Mature Assets Solutions strategy to deliver greater customer value for enhanced brownfield recovery

HOUSTON and LONDON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year agreement with Petrobras to extend the deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting optimization of offshore oil and gas production in Brazil’s post and pre-salt fields. The award, which followed an open tender, also includes the provision of associated chemicals and services.

Blue Marlin and Blue Orca will deliver advanced chemical treatments to stimulate wells, maximizing production in both brownfield and greenfield developments across multiple basins. In addition, these vessels will support well construction through gravel pack and frac pack operations.

“Stimulation vessels are critical for optimizing production and limiting costly downtime in offshore fields,” said Amerino Gatti, executive vice president, Oilfield Services & Equipment at Baker Hughes. “Blue Marlin and Blue Orca have long histories in Brazil, and the unmatched experience, expertise and capabilities of the vessels and their crews have helped Petrobras make the country’s pre-salt fields among the most productive in the world. This latest award further reinforces our Mature Assets Solutions strategy, enabling us to extend life of field, enhance recovery, and deliver greater value for our customers.”

The vessels combine highly trained crews with onboard laboratories, high-pressure pumping systems and robust chemical storage. These capabilities allow them to provide chemical treatments specifically engineered to the requirements of each well and perform multiple stimulation operations without returning to port to resupply. By providing on-demand support, the vessels can limit the nonproductive time of the offshore production assets they support.

This agreement extends Blue Marlin and Blue Orca’s deployment with Petrobras, as the two vessels have operated in Brazil since 2008 and 2023, respectively. Earlier this year, Petrobras recognized the vessels for their health, safety and environment (HSE) performance, and as of Sept. 1, they have recorded more than 650 perfect health, safety and environment (HSE) days, highlighting Baker Hughes and Petrobras’ commitment to operational excellence.

Baker Hughes has been deeply involved in the development of Brazil’s offshore oil and gas industry and its localization strategy contributes to the nation’s economy. The majority of the chemicals utilized by Blue Marlin and Blue Orca will be sourced in Brazil, strengthening the local energy supply chain.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Brian Reynolds
+1 363-315-6663
brian.reynolds@bakerhughes.com

Investor Relations

Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com

FAQ

What is the significance of Baker Hughes' contract extension with Petrobras?

The contract extension allows Baker Hughes to continue deploying Blue Marlin and Blue Orca stimulation vessels in Brazil's post and pre-salt fields, supporting offshore oil and gas production optimization through advanced chemical treatments and well construction operations.

How long have Baker Hughes' stimulation vessels been operating in Brazil?

The Blue Marlin has been operating in Brazil since 2008, while the Blue Orca began operations in 2023.

What are the key capabilities of BKR's Blue Marlin and Blue Orca vessels?

The vessels feature onboard laboratories, high-pressure pumping systems, and chemical storage. They can perform customized well treatments and multiple stimulation operations without returning to port for resupply.

What is Baker Hughes' safety record for these vessels in Brazil?

As of September 1, 2025, the vessels have recorded more than 650 perfect health, safety and environment (HSE) days, and have been recognized by Petrobras for their HSE performance.

How does this contract support Baker Hughes' local presence in Brazil?

The majority of chemicals used by the vessels will be sourced in Brazil, strengthening the local energy supply chain and contributing to the nation's economy as part of Baker Hughes' localization strategy.