SLB Secures Three Contracts for Petrobras' Buzios Oil Field [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Yahoo! Finance
The multinational oilfield services company has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of PBR's offshore Buzios Wave II oilfield. The scope of the contract includes SLB's full-bore electric interval control valves and electric subsurface safety valves. By transitioning to electric completions, Petrobras stands to benefit from enhanced control over a more sophisticated subsurface system, potentially reducing the need for extensive workovers during the productive lifespan of Buzios field wells. The technology that is slated for deployment in the Buzios project has been developed primarily at SLB's Taubaté Engineering Center in Brazil, in collaboration with CENPES, the Petrobras research center, and TotalEnergies to develop solutions tailored for the challenges posed by Brazilian pre-salt reservoirs. Steve Gassen, president of Production Systems at SLB, hailed the partnership as a catalyst toward
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