SLB Secures $800 Million Offshore Services Contract with Petrobras to Enhance Brazil’s Deepwater Operations

SLB’s $800 Million Contract with Petrobras: A New Era in Offshore Drilling

SLB (Schlumberger) has secured an $800 million contract from Petrobras, Brazil’s state-owned oil and gas company, marking a milestone in offshore oilfield operations. The agreement spans all Petrobras offshore fields in Brazil, including deepwater rigs across the Campos, Santos, and Espírito Santo Basins. The contract will commence in April 2025 and includes the construction of over 100 deepwater wells. The partnership aims to enhance Petrobras’ operational capabilities while focusing on environmental sustainability.

Technological Advancements in Offshore Drilling and Environmental Efficiency

SLB’s technological advancements will significantly improve Petrobras’ operational efficiency and environmental performance. SLB will deploy its Ora intelligent wireline formation testing platform and SpectraSphere fluid mapping-while-drilling service. The Ora platform provides real-time reservoir data to improve decision-making and reduce emissions during well construction. SpectraSphere offers precise downhole fluid analysis, boosting well productivity and steering decisions. These tools will shift Brazil’s offshore drilling towards smarter and more environmentally responsible practices.

Boosting Local Content and Enhancing Operational Footprint

The contract also strengthens SLB’s longstanding relationship with Petrobras. As part of the agreement, SLB will source equipment and technologies locally, supporting Brazil’s economic growth. SLB’s established presence in the Brazilian energy sector, especially offshore drilling, allows the company to meet Petrobras’ extensive service requirements. This focus on local content helps bolster the country’s energy infrastructure while maintaining high standards of safety and efficiency.

Petrobras’ Vision for the Future: Revitalizing and Expanding Exploration

For Petrobras, the $800 million investment is part of a broader strategy to revitalize existing offshore fields and explore new ones. The initiative will boost Petrobras’ long-term productivity, enhance safety standards, and improve efficiency. Willisses Menezes Afonso, Executive Manager of Wells at Petrobras, emphasized the importance of incorporating new technologies to align with global environmental standards. The improvements aim to increase profitability while advancing sustainability goals.

Commitment to Innovation and Environmental Responsibility

This partnership underscores Petrobras’ commitment to technological innovation and environmental responsibility. With SLB’s support, Petrobras is poised to make significant strides in optimizing offshore oil extraction processes, improving safety protocols, and reducing its environmental footprint. These changes will enhance the company’s competitiveness and sustainability in the global oil and gas market.