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Petrobras has awarded GE a 4 year service agreement for the Campos Basin

Oilfield Technology,

Petrobras has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil. The agreement includes service and repairs on over 300 exploration and 250 production tools, as well as retrofitting six subsea production trees each year with GE advanced technology all for the price of US$ 120 million

Fernando Martins, vice president-Latin America, GE Oil & Gas said, “GE will apply its latest high-tech subsea equipment service and repair technologies across much of Petrobras’ Campos Basin installed fleet to help minimize downtime and optimize production output.”

The frame service agreement builds on the announcement this week that Petrobras has awarded GE’s Wellstream business a long-term, US$ 200 million plus flexible pipe and subsea equipment logistics services contract to be supported from a dedicated new 55,000 m2, US$ 90 million investment Logistics Base that GE will build adjacent to Wellstream’s existing manufacturing site in Niterói, 14 kms outside Rio de Janeiro.

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