Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes (NASDAQ:BKR) has been awarded a significant multi-year contract by Petrobras for integrated well construction services in the Buzios field, offshore Brazil. The project, starting in the first half of 2025, will encompass a range of services across three rigs.
February 21, 2024 | 1:03 pm
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Baker Hughes secures a major contract with Petrobras for well construction services in the Buzios field, indicating a significant business expansion.
The contract with Petrobras represents a significant business expansion for Baker Hughes, likely leading to increased revenue and growth prospects. Given the scale and duration of the project, this partnership is expected to have a positive impact on Baker Hughes' financials and market perception in the short term.
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