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Stock impact report

SLB OneSubsea awarded subsea boosting contract by Petrobras for the Búzios field, offshore Brazil [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
HOUSTON, December 12, 2024 BUSINESS WIRE )--Global energy technology company SLB (NYSE: SLB) today announced a contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific Búzios field. The subsea RWI systems will help to increase the production of floating production storage and offloading (FPSO) vessels, which are currently bottlenecked in their water injection capacities. Once operational, the RWI systems will reduce greenhouse gas (GHG) emissions per barrel of oil as they are a more efficient means of reservoir pressurization to increase recovery when compared with the conventional alternative of topside injection systems. "As deepwater basins mature, we see more and more secondary recovery opportunities emerging," said Mads Hjelmeland, CEO of SLB OneSubsea. "Subsea raw seawater injection is a well-proven application with a strong business case that we th Show less Read more
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