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Mar 18, 2026 12:00 PM

Baker Hughes Lands Mega Petrobras Deal To Power Brazil's Energy Backbone

Baker Hughes Company (NASDAQ:BKR) on Wednesday secured a significant service agreement with Petrobras (NYSE:PBR).

Wins 60-Month Petrobras Service Award

Baker Hughes disclosed a substantial 60-month service award from Petrobras to support critical turbomachinery equipment for Brazil’s offshore operations.

This agreement, signed in February, covers essential maintenance and engineering advisory services for up to 64 aeroderivative gas turbines, which are vital for Petrobras’ production continuity.

The strategic agreement reinforces Baker Hughes’ commitment to lifecycle services and aims to enhance operational reliability across approximately 19 floating production, storage, and offloading (FPSO) vessels in Brazil.

The work under this agreement began in February 2026 and will be delivered through the Baker Hughes Service Center in Petrópolis, Rio de Janeiro.

Baker Hughes Chief Growth and Experience Officer and interim Executive Vice President of Industrial & Energy Technology Maria Claudia Borras said, “Our advanced service solutions, delivered through our local service center, can help improve ...

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