Press Releases May 26, 2026 07:00 AM

Baker Hughes Extends and Expands Integrated Well Construction Contract with Petrobras

Baker Hughes expands well construction contract with Petrobras to enhance deepwater pre-salt operations in Brazil's Santos Basin

By Hana Yamamoto BKR

Baker Hughes has extended and expanded its contract with Petrobras to provide integrated well construction solutions in Brazil's Santos Basin. Utilizing advanced drilling technologies, the agreement supports the development of complex pre-salt offshore oil and gas fields, aiming to improve operational efficiency and unlock greater value in deepwater reservoir access.

Baker Hughes Extends and Expands Integrated Well Construction Contract with Petrobras
BKR

Key Points

  • Expanded contract with Petrobras to extend well construction services in the Santos Basin offshore Brazil.
  • Deployment of advanced drilling technologies such as AutoTrak rotary steerable system and Dynamus extended-life drill bits to optimize deepwater operations.
  • Integrated solutions approach combining drilling, wireline, cementing, and geosciences to enhance efficiency and innovation in complex offshore developments.
  • Expansion of well construction solutions utilizing advanced technologies to support oil & gas developments in pre-salt offshore fields
  • Integrated solutions approach unlocks incremental value for complex operations

HOUSTON and LONDON, May 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin.

Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields. The company’s advanced portfolio – including the AutoTrak™ rotary steerable system, cutting-edge logging-while-drilling tools, and Dynamus™ extended-life drill bits – will be deployed across the construction portfolio of deepwater wells, enabling efficient access to subsurface reservoirs and supporting the ongoing development of Brazil's pre-salt oil & gas resources.

This latest agreement builds on a well construction services award announced in early 2024, further extending the scope and impact of Baker Hughes’ integrated drilling solutions in the region. The company’s integrated approach unlocks incremental value for complex operations, enhancing efficiency and innovation in offshore developments.

“The success of this critical project illustrates the strength and capabilities of Baker Hughes’ comprehensive portfolio, offering an integrated, solutions-focused approach,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti. “By combining innovative technology with a holistic view of project management, we are setting new standards for efficiency and safety in well construction.”

The project will be executed through Baker Hughes’ Integration & Solutions team alongside Petrobras’ wells team, with the joint expertise enabling greater operational efficiency in Petrobras’ offshore well construction operations. In addition to specialized drilling solutions, the team will leverage technologies and expertise across wireline, cementing, wellbore clean up, fishing, remedial tools, fluids, services and geosciences.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business 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.

For more information, please contact:

Media Relations

Brian Reynolds
+1 363-315-6663
[email protected] 

Investor Relations

Chase Mulvehill
+1 346-297-2561
[email protected] 


Risks

  • Operational risks inherent in complex deepwater drilling activities in challenging pre-salt environments.
  • Dependence on Petrobras' capital expenditure and project timelines which may be impacted by market conditions or regulatory changes.
  • Potential geopolitical or economic uncertainties affecting offshore oil & gas sector investments in Brazil.

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