Baker Hughes Secures Major Petrobras Order For Workover And Plug & Abandonment Services In Offshore Brazil
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes has secured a significant multi-year order from Petrobras for workover and plug & abandonment services in offshore Brazil. The project will involve Baker Hughes providing solutions in both pre-salt and post-salt fields, emphasizing operational excellence and localization.

June 10, 2024 | 12:01 pm
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Baker Hughes has secured a major multi-year order from Petrobras for workover and plug & abandonment services in offshore Brazil, which is expected to boost its revenues and operational footprint.
The multi-year order from Petrobras is a significant win for Baker Hughes, likely to enhance its revenue stream and operational presence in the offshore Brazil market. The focus on operational excellence and localization further strengthens its market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Petrobras has awarded a major multi-year order to Baker Hughes for workover and plug & abandonment services in offshore Brazil, which could improve its operational efficiency and project execution in pre-salt and post-salt fields.
The partnership with Baker Hughes for workover and plug & abandonment services is likely to improve Petrobras' operational efficiency and project execution in offshore Brazil, particularly in the pre-salt and post-salt fields.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80