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.
