Baker Hughes Wins Major Contracts from Petrobras for Flexible Pipes Across Five Offshore Fields

Rhea-AI Summary

Baker Hughes has secured two significant flexible pipe contracts from Petrobras in Q2 2021, totaling 322 kilometers for the Sapinhoá, Tupi, Marlim 2, and Itapu fields. This brings the total to 370 kilometers awarded in 2021, surpassing prior years' volumes. The flexible pipes will support production and injection operations in Brazil's challenging subsea environments, designed for high pressure and corrosive conditions. These wins highlight Baker Hughes' expertise and its strong partnership with Petrobras, alongside a previous contract for subsea equipment in the Campos Basin.

Positive

• Awarded contracts totaling 370 kilometers of flexible pipe for Petrobras in 2021, surpassing previous years' volumes.
• Flexible pipe solutions designed for high-pressure, corrosive subsea environments, enhancing operational reliability.
• Strengthened partnership with Petrobras, evidenced by multiple recent contract wins in Brazil.

Negative

• None.

Baker Hughes announced today that it has been awarded two flexible pipe contracts by Petrobras in the second quarter of 2021. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields and the second contract covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields.

Including two flexible pipe contracts Petrobras awarded to Baker Hughes for the Buzios field in the first quarter of this year, Petrobras has contracted Baker Hughes during the first half of 2021 to provide it up to 370 kilometers of flexible pipe for its subsea projects. This is larger than the volume of flexible pipe awarded by Petrobras to Baker Hughes in 2019 and 2020 combined.

Baker Hughes flexible pipes will be used for a mix of production lines, gas injection flowlines, water injection lines, and services lines for pre- and post-salt subsea developments in Brazil. The company’s flexible pipe solutions are designed to ensure reliable connections and optimal flow under high pressures and in extreme temperatures and corrosive conditions.

“Our extensive deployment track record across the region, coupled with our in-depth experience in pipe design, manufacturing, and installation allows us to provide Petrobras with flexible pipe technology to increase the performance, reliability and economics of its most challenging subsea field developments,” said Domenico Di Giambattista, vice president of flexible pipe systems for Oilfield Equipment at Baker Hughes.

Today’s announcement follows Baker Hughes’ contract award from Petrobras for subsea oilfield equipment to support the revitalization of the Marlim and Voador fields in the Campos Basin offshore Brazil. The contract includes several key interconnected technologies from Baker Hughes’ Subsea Connect family of Aptara™ products, including subsea production and injection manifold systems. Petrobras also recently awarded the company a wellhead contract for Mero 4, the largest pre-salt field in Brazil.

“These back to back contract wins reflect our strong capabilities and the relationship we have developed with Petrobras as a trusted partner,” said Adyr Tourinho, vice president of Brazil and Oilfield Equipment for Latin America at Baker Hughes. “Whether it’s subsea wellheads, flowlines, or manifolds, our track record and expertise in the region translates into reliability, adaptability and efficiency for our customers.”

About Baker Hughes

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005205/en/

FAQ

What contracts did Baker Hughes win from Petrobras in 2021?

Baker Hughes secured two flexible pipe contracts totaling 322 kilometers in Q2 2021, adding to a previous contract for 48 kilometers in Q1.

How many kilometers of flexible pipe has Baker Hughes contracted with Petrobras in total for 2021?

Baker Hughes has contracted a total of 370 kilometers of flexible pipe with Petrobras in 2021.

What fields will Baker Hughes' flexible pipes be used for?

The flexible pipes will be used in the Sapinhoá, Tupi, Marlim 2, and Itapu fields.

What technology does Baker Hughes provide for Petrobras' subsea developments?

Baker Hughes provides flexible pipe solutions, subsea production and injection manifold systems, and wellhead technology.

What is the significance of the contracts awarded to Baker Hughes by Petrobras?

The contracts highlight Baker Hughes' capability and relationship with Petrobras, marking a substantial increase in contract volume compared to previous years.