Petrobras signs big subsea wellhead deal

Petroleo Brasileiro SA (Petrobras) has signed a contract worth nearly $1.1 billion with GE Oil & Gas for the supply of about 380 subsea wellhead systems and installation tools.

GE called it the world’s largest such contract.

The systems, to be produced at a GE plant in Jandira, Sao Paulo, will be installed in “various oil and gas fields in Brazil, including subsalt,” GE said.

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