Halliburton (NYSE: HAL) announced today that Petrobras has awarded the company a series of contracts to provide vessel stimulation, intelligent completions, and safety‑valve services in Brazil’s deepwater fields. The agreements cover the Búzios, Séepia, and Atapu fields and will begin operations in 2026.
Under the deal, Halliburton will deploy its SmartWell® intelligent completion technology in the Búzios field to enable real‑time reservoir management and actionable insights that optimize production. For the Séepia and Atapu fields, the company will supply EcoStar® electric tubing‑retrievable safety valves (eTRSV) to improve safety and efficiency, while its Stim Star Brasil stimulation services will focus on reservoir productivity and asset performance.
The contracts reinforce Halliburton’s long‑standing partnership with Petrobras and support the company’s global strategy to enhance asset value and safety through completions services. By securing these deepwater agreements, Halliburton expands its presence in a key offshore market and positions itself to capture recurring revenue streams in Brazil’s growing offshore oil and gas sector.
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