TETRA wins Petrobras completion fluids contract

Petrobras has awarded TETRA Technologies a contract for completion fluids and associated services on deepwater HT/HP (high temperature, high pressure) wells offshore Brazil.

Offshore Staff

THE WOODLANDS, Texas -- Petrobras has awarded TETRA Technologies a contract for completion fluids and associated services on deepwater HT/HP (high temperature, high pressure) wells offshore Brazil.

"The contract term is for four years, with an option for an additional four years," says Geoffrey M. Hertel, president and CEO of TETRA. "We hope to begin work under the contract by year-end, however, we are not now budgeting any jobs until 2009. This will give us time to add the needed infrastructure and inventories to our existing operations, to support this contract."

06/05/2008

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