Baker Hughes (BKR) said Thursday that it has been awarded a multi-year fully integrated completions systems contract from Brazilian oil and gas company Petrobras (PBR).
Under the agreement, Baker Hughes will provide Petrobras with its SureCONTROL Premium interval control valve, which is intended improve reliability in the high flowrates of Petrobras' offshore fields. The company said the technology allows operators to respond remotely to well conditions in real time in multiple zones.
Financial terms of the deal were not disclosed.
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