GE Oil & Gas has secured a four-year service contract worth $120m from Petroleo Brasileiro (Petrobras) to carry out repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment, installed in the Campos Basin offshore Brazil.

Work under the contract includes service and repairs on 300 exploration and 250 production tools, as well as retrofitting six subsea production trees every year with GE advanced technology.

GE will carry out the service work from its Macae Service Center, located in Rio de Janeiro state.

GE Oil & Gas Latin America vice-president Fernando Martins said the company will use the latest high-tech subsea equipment service and repair technologies across much of Petrobras’ Campos Basin installed fleet to help minimise downtime and optimise production output.