Share Name Share Symbol Market Type
Petroleo Brasileiro S.A. Petrobras BOV:PETR3 Bovespa Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.41 -1.31% 30.90 30.64 31.50 31.90 30.73 31.59 10,631,700 23:45:00

Baker Hughes Gets Two Flexible-Pipe Contracts From Petrobras -- Commodity Comment

30/06/2021 4:04pm

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By Robb M. Stewart


Baker Hughes Co. said Wednesday it received two flexible-pipe contracts from Petroleo Brasileiro SA, taking the volume of flexible pipe contracted by the Brazilian company in the first half of the year to more than the total volume awarded in 2019 and 2020 combined.


On the contracts:

Baker Hughes said the first contract covers up to 96 kilometers of flexible pipe for the Sapinhoa 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," it said

The 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.

Baker Hughes said the contracts follows a contract 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.


Write to Robb M. Stewart at


(END) Dow Jones Newswires

June 30, 2021 10:59 ET (14:59 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.



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