SLB (NYSE: SLB) has secured a significant contract from Petrobras (NYSE: PBR) to deliver services and technology for up to 35 ultra-deepwater wells in Brazil’s Santos Basin, one of the world’s most strategically important offshore oil and gas regions.
The agreement covers wells in the second development phase of the Atapu and Sépia fields, which aim to tap into vast reserves located beneath thick layers of salt more than 2,000 meters below the ocean’s surface.
As part of the project, SLB will deploy electric completions technologies and digital solutions designed to provide real-time production intelligence and enhanced reservoir management for efficient and reliable resource development.
“This will help Petrobras drive greater reliability, system uptime and production performance in those fields — supporting Brazil’s energy security and economic growth ambitions,” said Paul Sims, president of Production Systems, SLB.
The completions scope, set to commence in mid-2026, will incorporate advanced tools from SLB’s completions portfolio, including its Electris™ high-flow-rate interval control valves, which are engineered to improve production control and recovery from geologically complex, high-rate wells.
The win builds on SLB’s previous collaboration with Petrobras, following the award of a major contract in 2024 to the company’s OneSubsea™ joint venture.
That project involves standardised pre-salt subsea production systems and associated services for the Atapu and Sépia developments.
The newly announced completions contract was awarded after a competitive tender process, strengthening SLB’s role in supporting Brazil’s rapidly advancing pre-salt energy sector.
