Baker Hughes will supply pipe systems for Brazil's Petrobras

Baker Hughes, a provider of oilfield services, announced on Monday that it had signed an agreement with Petrobras to provide 77 kilometers (47.85miles) of flexible pipe system for Brazil's Santos Basin pre-salt field.

Why it's important

Santos Basin, an offshore oil and gas-rich region off Brazil's southeast Atlantic coast.

The basin is the largest in the country and has attracted major investment from oil and gas producers around the world including Shell, CNOOC, and TotalEnergies.

Baker Hughes' agreement with Petrobras to provide flexible pipes systems and oilfield services, signed in April, is the latest Baker Hughes contract this year.

CONTEXT

Baker Hughes has signed a multi-year contract to provide hydrocarbon production equipment, gas injection and associated water, storage, maintenance, and installation support.

Petrobras will use the equipment to operate the Buzios pre-salt field, Libra, Berbigao and Sururu, as well as the Sepia presalt field, in the Santos Basin.

Baker's flexible pipe can also mitigate the high carbon dioxide concentration in fields, according to the company. This is beneficial for Petrobras which wants to reduce its CO2 emissions.

The delivery is expected to start by mid-2026. Reporting by Vallari Shrivastava, Bengaluru. Editing by Pooja Deai

(source: Reuters)