WASHINGTON (dpa-AFX) - Baker Hughes Company (BKR), an energy technology firm, on Wednesday said it has secured a major 60-month service contract from Petrobras to support critical turbomachinery equipment across Brazil's offshore operations and a key refinery.
The agreement, signed in February in Rio de Janeiro, covers maintenance, repair, and engineering advisory services for up to 64 aeroderivative gas turbines. These turbines play a crucial role in supporting energy production across approximately 19 floating production, storage and offloading vessels, as well as operations at the Replan refinery in Paulínia, São Paulo.
The company said work under the contract began in February 2026 and will be executed through its service center in Petrópolis, Rio de Janeiro. Baker Hughes also plans to expand the facility's capabilities, including adding advanced grinding technology, which is expected to enhance service efficiency, support local employment, and strengthen the domestic supply chain.
'This strategic agreement reinforces our long-standing relationship with Petrobras and our enduring commitment to Brazils energy sector,' said Baker Hughes Chief Growth and Experience Officer and interim Executive Vice President of Industrial & Energy Technology Maria Claudia Borras. 'Our advanced service solutions, delivered through our local service center, can help improve the reliability and operational efficiency Petrobras needs across its offshore and refining operations while strengthening its energy supply chain.'
Baker Hughes shares closed at $57 on Tuesday, up 3.28%.
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