GE Signs Record Contract of Nearly US$1.1 Billion with Petrobras
GE Oil & Gas (NYSE: GE) and Brazilian energy company Petrobras have signed the world's largest subsea wellhead production contract, worth nearly US$1.1 billion (R$2.2 billion). This includes the delivery of approximately 380 subsea wellhead systems and installation tools needed in oil well exploration, and more than 75 percent of the parts will be made in Brazil.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.