GE Oil & Gas Awarded 4-Year, $120M Subsea Service Contract to Maintain Petrobras' Campos Basin

Petróleo Brasileiro S.A. PBR has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras' fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes service and repairs on over 300 exploration and 250 production tools, as well as retrofitting six subsea production trees each year with GE GEadvanced technology.