October 29, 2024 [Reuters]- Oilfield services company Baker Hughes announced an agreement on Monday to supply Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems for Brazil’s pre-salt fields in the Santos Basin.

WHY IT’S IMPORTANT

The Santos Basin is an oil- and natural-gas-rich offshore region off Brazil’s southeastern Atlantic coast.

It is one of the country’s largest sedimentary basins and has been attracting widespread investment from major oil and gas producers across the world, including Shell, CNOOC and TotalEnergies.

The agreement to provide flexible pipe systems and other oilfield services is the latest Baker Hughes has signed with state-owned Petrobras so far this year.

CONTEXT

Under the multi-year agreement, Baker Hughes will provide equipment used for hydrocarbon production, associated gas and water injection, as well as storage, maintenance and installation support.

The equipment will be utilized across the Buzios, Libra, Berbigao, Sururu and Sepia pre-salt fields in the Santos Basin, which Petrobras operates.

Baker’s flexible pipes can also help mitigate the high concentration of carbon dioxide in the fields, the company said, benefiting Petrobras, which aims to limit its CO2 emissions.

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