SLB (NYSE:SLB) said Thursday it was awarded a “major” contract from Petrobras (PBR) to provide completion technologies and services for as many as 35 ultra-deepwater wells in Brazil’s Santos basin pre-salt area; financial terms were not disclosed.
As part of its project scope, SLB (NYSE:SLB) said it will deploy advanced electric completions technologies and digital solutions that deliver precise, real-time production intelligence and improved reservoir management.
The wells, which are part of the second development of the Atapu and Sepia fields, target massive pockets of oil and gas beneath thick salt layers, located up to 2,000 meters below the ocean’s surface.
The completions work is scheduled to begin in mid-2026 and will feature advanced services and technology from SLB’s (SLB) completions portfolio, the company said.