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Baker Hughes to Supply Subsea Tree Systems and Associated Services for Petrobras

1. Baker Hughes secures contract with Petrobras for 50 subsea tree systems. 2. The deal supports offshore oil production in Brazil's multiple fields. 3. Enhancements include subsea distribution units and control cabinets for monitoring. 4. Project commencement is scheduled for Q3 2025, boosting Brazil’s offshore sector. 5. Baker Hughes reinforces local strategy, enhancing economic contribution to Brazil.

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Why Bullish?

The substantial contract indicates strong demand and revenue potential, reflecting similar previous contracts that positively impacted BKR's stock.

How important is it?

The significance of the contract is high due to revenue prospects and partnership with a major player like Petrobras, indicating a healthy business outlook.

Why Long Term?

As the project impacts ongoing operations and growth strategies, positive effects on revenue are likely to materialize over a longer timeline, similar to previous projects that sustained longer-term economic benefits.

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Baker Hughes to supply up to 50 subsea trees and associated equipment in Brazil HOUSTON and LONDON, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant award from Petrobras to supply up to 50 subsea tree systems and associated services to support offshore oil and gas production across multiple fields in Brazil. The award was secured through an open tender. Under the agreement, Baker Hughes will manufacture Petrobras’ pre-salt standard subsea trees, as well as subsea distribution units, in-line tees and vertical connection systems, to enable safe, reliable and efficient production on the seafloor. In addition, topside control cabinets will provide monitoring and control of subsea equipment from floating production storage and offloading vessels. “Baker Hughes has a history of innovation and operational excellence throughout our decades of collaboration with Petrobras,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment, Baker Hughes. “This agreement opens new opportunities to accelerate growth in Brazil’s offshore energy sector, and we look forward to helping Petrobras efficiently and responsibly develop the hydrocarbon resources that power Latin America.” These modern subsea systems will enhance recovery in established fields including Albacora, Jubarte and Barracuda-Caratinga. They will also be deployed in more recent pre-salt developments, including the Mero and Buzios fields, to optimize production in new wells. Baker Hughes has been deeply involved in the development of Brazil’s offshore oil and gas industry, and its localization strategy contributes to the nation’s economy. The project will commence procurement and manufacturing in the third quarter of 2025. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media Relations Brian Reynolds+1 346-315-6663brian.reynolds@bakerhughes.com Investor Relations: Chase Mulvehill+1 346-297-2561investor.relations@bakerhughes.com 

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