Baker Hughes will supply Petrobras with up to 50 subsea tree systems to enhance offshore oil and gas production in Brazil.
Quiver AI Summary
Baker Hughes has announced a significant contract with Petrobras to supply up to 50 subsea tree systems and associated equipment for offshore oil and gas production in Brazil. The award comes from an open tender, and under this agreement, Baker Hughes will produce pre-salt standard subsea trees, subsea distribution units, and control systems to enhance the efficiency and safety of production on the seafloor. The modern systems will be utilized in established fields like Albacora and Jubarte, as well as newly developed pre-salt fields such as Mero and Buzios. The project is set to start procurement and manufacturing in the third quarter of 2025, further solidifying Baker Hughes' role in Brazil's offshore energy sector and contributing to the local economy.
Potential Positives
- Baker Hughes has secured a significant award from Petrobras, showcasing the company's strong relationship and trust with a major industry player in Brazil.
- The agreement to supply up to 50 subsea tree systems positions Baker Hughes to play a crucial role in enhancing offshore oil and gas production, potentially leading to increased revenue and market presence in Brazil.
- This project reflects Baker Hughes' commitment to innovation and operational excellence, which could enhance its reputation and attract further business opportunities in the energy sector.
- The incorporation of modern subsea systems into established and new fields may improve production efficiency and support responsible energy resource development, aligning with global sustainability goals.
Potential Negatives
- Securing an award through an open tender may expose Baker Hughes to competitive risks and pressures from other industry players in Brazil's energy sector.
- The manufacturing and procurement timeline set to commence in the third quarter of 2025 indicates a potential delay in revenue generation from this contract.
- Heavy involvement in Brazil’s offshore oil and gas industry may subject Baker Hughes to regulatory and environmental scrutiny, which could lead to unfavorable public perception or legal challenges.
FAQ
What is the recent award Baker Hughes received from Petrobras?
Baker Hughes secured an award to supply up to 50 subsea tree systems and equipment for offshore oil and gas production in Brazil.
Which fields will benefit from the subsea trees supplied by Baker Hughes?
The subsea trees will enhance recovery in established fields like Albacora and Jubarte and newer pre-salt developments including Mero and Buzios.
When will Baker Hughes start procurement and manufacturing for the project?
The procurement and manufacturing for the subsea tree systems will commence in the third quarter of 2025.
How will this agreement impact Brazil's offshore energy sector?
This agreement is expected to accelerate growth in Brazil’s offshore energy sector by allowing efficient and responsible development of hydrocarbon resources.
What technologies will Baker Hughes provide in this agreement?
Baker Hughes will supply subsea trees, distribution units, in-line tees, vertical connection systems, and topside control cabinets for monitoring and control.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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- LORENZO SIMONELLI (Chairman, President and CEO) sold 526,568 shares for an estimated $23,390,150
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$BKR Analyst Ratings
Wall Street analysts have issued reports on $BKR in the last several months. We have seen 12 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
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- Melius Research issued a "Buy" rating on 08/20/2025
- Evercore ISI Group issued a "Outperform" rating on 07/30/2025
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- Morgan Stanley issued a "Overweight" rating on 07/29/2025
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$BKR Price Targets
Multiple analysts have issued price targets for $BKR recently. We have seen 13 analysts offer price targets for $BKR in the last 6 months, with a median target of $52.0.
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- James West from Melius Research set a target price of $60.0 on 08/20/2025
- Josh Silverstein from UBS set a target price of $46.0 on 07/30/2025
- Phillip Jungwirth from BMO Capital set a target price of $53.0 on 07/30/2025
- James West from Evercore ISI Group set a target price of $55.0 on 07/30/2025
- Connor Lynagh from Morgan Stanley set a target price of $55.0 on 07/29/2025
- Charles Minervino from Susquehanna set a target price of $52.0 on 07/24/2025
- David Anderson from Barclays set a target price of $53.0 on 07/24/2025
Full Release
- Baker Hughes to supply up to 50 subsea trees and associated equipment in Brazil
HOUSTON and LONDON, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant award from Petrobras to supply up to 50 subsea tree systems and associated services to support offshore oil and gas production across multiple fields in Brazil. The award was secured through an open tender.
Under the agreement, Baker Hughes will manufacture Petrobras’ pre-salt standard subsea trees, as well as subsea distribution units, in-line tees and vertical connection systems, to enable safe, reliable and efficient production on the seafloor. In addition, topside control cabinets will provide monitoring and control of subsea equipment from floating production storage and offloading vessels.
“Baker Hughes has a history of innovation and operational excellence throughout our decades of collaboration with Petrobras,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment, Baker Hughes. “This agreement opens new opportunities to accelerate growth in Brazil’s offshore energy sector, and we look forward to helping Petrobras efficiently and responsibly develop the hydrocarbon resources that power Latin America.”
These modern subsea systems will enhance recovery in established fields including Albacora, Jubarte and Barracuda-Caratinga. They will also be deployed in more recent pre-salt developments, including the Mero and Buzios fields, to optimize production in new wells.
Baker Hughes has been deeply involved in the development of Brazil’s offshore oil and gas industry, and its localization strategy contributes to the nation’s economy. The project will commence procurement and manufacturing in the third quarter of 2025.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at
bakerhughes.com
.
For more information, please contact:
Media Relations
Brian Reynolds
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Investor Relations:
Chase Mulvehill
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