Scandoil.com

Smith International wins Petrobras contract


Published Jan 6, 2010
[an error occurred while processing this directive]

Edit page New page Hide edit links

Smith International

Smith International says that on December 31, 2009 its PathFinder Energy Services business acquired a contract with Petroleo Brasileiro (Petrobras) representing an estimated $80-100 million of revenue over the 3-year term and substantially all of the directional drilling assets from San Antonio International do Brasil.

It is anticipated that employees supporting the contract will be retained and future operations will be provided by PathFinder through the newly completed Smith facility in Macae, Brazil. "The new base is a state-of-the-art facility bringing together all Oilfield Segment divisions of Smith under one roof. The addition of this contract provides a pivotal piece in our region-wide initiative to provide Optimized Drilling Services to Brazil and the region," stated Nigel Evans Geographic Business Unit VP for Smith in Latin America. Although PathFinder has been working for Petrobras in Brazil for several years, San Antonio had previously been the lead contractor through which PathFinder served clients in the country.

"This deal provides a significant operating base for Smith and PathFinder in one of the fastest growing markets in the world," stated Brent Janner, President of PathFinder Energy Services. "We are confident this transaction is a key step to expanding our formation evaluation and directional drilling services throughout Latin America."

Tags: Petrobras, Smith International




   

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us

 

sitemap xml


 

Home