SLB awarded services contract for Petrobras offshore fields in Brazil

SLB (SLB) announced a major contract award by Petrobras (PBR) for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. The contract represents an investment by Petrobras of approximately $800 million. Services will primarily be provided in the Campos, Santos, and Espirito Santo Basins, along with other Petrobras-operated fields, including exploratory wells. Operations in the Equatorial Margin are also planned, pending exploration license approval within the three-year contract period commencing April 2025. SLB technologies to be deployed under the contract include transition technologies such as SLB’s Ora intelligent wireline formation testing platform and SpectraSphere fluid mapping-while-drilling service.