Baker Hughes, a GE company, surpasses Halliburton and will sign a well logging contract with Petrobras after three years without working for the Brazilian state-owned 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 should win one of the wireline contracting lots (cable logging) for three years.
Schlumberger, with the best proposal, should keep lot A and halliburton, which was won by BHGE, should stay out of the deal, which is valued at US$ 70 million.
It is the company's first contract in three years, after the company saw its last BHGE logging contracts with Petrobras, ended in February 2016.
The contracts foresaw, respectively, the provision of services and the leasing of high-tech equipment and, at the time, involved amounts of R$ 253 million and US$ 92 million.
Well logging contracts
Petrobras currently has 33 logging contracts in force with three companies, of which Schlumberger is responsible for ten of them, six worth R$ 1,7 billion and four totaling US$ 440 million and the state-owned company announced that all of them are due to expire in November of this year.
Halliburton, even though it has more contracts, accounts for a smaller amount, as it has twelve contracts totaling R$827 million and ten totaling US$247,5 million and all ending between January and February 2020.
The company Wireline Brasil, headquartered in Mossoró (RN), had a contract worth R$ 11,6 million, but it came to an end on the 29th.
The agreement with the company included profiling services with flow recording in water injection wells.
