Baker Hughes to Provide Fully Integrated Completions for Petrobras’ Offshore Fields
Rhea-AI Summary
Baker Hughes (NASDAQ: BKR) has secured a major multi-year contract with Petrobras to provide fully integrated completions systems for offshore fields in Brazil. The contract, awarded through an open tender, will implement intelligent completions technologies specifically designed for Petrobras' deepwater developments.
The agreement features Baker Hughes' new SureCONTROL Premium interval control valve (ICV), enabling remote operations and multizone control in high-pressure wells. The technology suite includes various completions solutions such as SureSENS QPT ELITE downhole gauges, SureTREAT chemical injection system, and DeepShield subsurface safety valves.
The implementation aims to optimize production by limiting water and gas breakthroughs while reducing costly intervention risks. Delivery of these technologies is scheduled to begin in late 2025, furthering Baker Hughes' decades-long involvement in Brazil's offshore energy development.
Positive
- Secured major multi-year contract with Petrobras
- Technology specifically designed for high-value deepwater operations
- Strengthens long-term presence in Brazilian market
- Expands remote operations capabilities portfolio
Negative
- None.
Insights
Baker Hughes has secured a major multi-year contract with Petrobras to provide integrated completions systems for offshore deepwater fields in Brazil, representing a significant win for the company's Oilfield Services & Equipment segment. This deal showcases Baker Hughes' competitive positioning in high-value deepwater markets where technological differentiation creates meaningful barriers to entry.
The contract's strategic importance extends beyond immediate revenue impacts. By deploying its intelligent completions technologies in Petrobras' challenging deepwater environments, Baker Hughes demonstrates its ability to address complex production optimization challenges that deliver tangible operational benefits:
- Remote operations capabilities that reduce personnel requirements on offshore platforms
- Multizone control systems that optimize production across various reservoir sections
- Real-time response capabilities to changing well conditions without costly interventions
- Enhanced reliability in high-flow environments through purpose-built technology
The SureCONTROL Premium interval control valve represents Baker Hughes' continued R&D investment in intelligent field technologies. This system, developed specifically to Petrobras' standards, allows for precise flow control across multiple zones without physical intervention - a critical capability for maximizing production efficiency in complex deepwater reservoirs.
For investors, this contract validates Baker Hughes' technology-focused strategy and demonstrates the company's ability to win competitive tenders against industry rivals. The multi-year nature of the contract provides revenue visibility through and beyond 2025, adding stability to the company's forward-looking financial outlook in the deepwater completions segment.
- New solutions will support remote operations in deepwater fields
- Technology allows real-time response to evolving well conditions across multiple zones
HOUSTON and LONDON, March 20, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields.
A range of technologies from Baker Hughes has been specifically tailored to meet the needs of Petrobras’ offshore developments. The intelligent completions technologies, combined with conventional upper and lower completions solutions, will provide remote operations capabilities and multizone control, limiting water and gas breakthroughs and reducing the risk of any costly interventions.
“Deepwater, high pressure wells require an unmatched level of reliability, and our completion technologies have proven themselves in these harsh environments,” said Amerino Gatti, executive vice president, Oilfield Services & Equipment at Baker Hughes. “Through continual innovation, improvement and testing, and in close collaboration with Petrobras, the Baker Hughes team has pioneered new ways to help develop Brazil’s natural resources safely and efficiently for decades to come.”
Through this agreement, Petrobras will utilize Baker Hughes’ new SureCONTROL Premium interval control valve (ICV), which provides enhanced reliability in the high flowrates of Petrobras’ offshore fields. This technology was developed to meet Petrobras’ industry-leading standards and allows operators to respond remotely to evolving well conditions across multiple zones in real time.
Petrobras will deploy a number of additional Baker Hughes completions technologies, including SureSENS QPT ELITE downhole gauges, SureSENS B-Annulus monitoring system, SureTREAT chemical injection system, Sur-Set flow control system, Orbit Premium barrier valves, a gas lift system, REACH subsurface safety valves, DeepShield subsurface safety valves, Premier packers, screens and gravel pack system.
Baker Hughes has played a key role in the development of Brazil’s offshore oil and gas fields for decades, and the company’s localization strategy contributes to the nation’s economy while strengthening its energy supply chain.
Delivery will begin in late 2025.
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
+1 346-315-6663
brian.reynolds@bakerhughes.com
Investor Relations
Chase Mulvehill
+1-346-297-2561
investor.relations@bakerhughes.com
FAQ
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