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Baker Hughes, a GE Company, Surpasses Halliburton and Will Sign Well Logging Contract with Petrobras After Three Years Without Working for the Brazilian State Company
BHGE is back in the well logging market, the company has the second-best price in a Petrobras tender, its proposal was beaten by Schlumberger, but it is expected to take one of the wireline hiring lots for three years.
Schlumberger, with the best proposal, is expected to take lot A and Halliburton, which was defeated by BHGE, is likely to be left out of a deal valued at US$ 70 million.
This is the company’s first contract in three years, after its last well logging contracts with Petrobras ended in February 2016.
The contracts provided, respectively, for the provision of services and rental of high-tech equipment, amounting at the time to R$ 253 million and US$ 92 million.
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Well Logging Contracts
Petrobras currently has 33 active logging contracts with three companies, with Schlumberger accounting for ten of them, six valued at R$ 1.7 billion and four totaling US$ 440 million, and the state company announced that all are scheduled to end in November this year.
Halliburton, despite having more contracts, accounts for a lower amount, as it has twelve contracts totaling R$ 827 million and ten totaling US$ 247.5 million, all ending between January and February 2020.
Wireline Brasil, based in Mossoró (RN), had a contract worth R$ 11.6 million, but it ended on the last day of the month.
The agreement with the company included logging services with flow recording in water injector wells.
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