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Baker Hughes to bid for Petrobras production-sharing contract: Baker Hughes executive

General Electric Co’s (GE.N) unit Baker Hughes (BHGE.N) is preparing an offer for a production-sharing deal with Brazil’s Petrobras (PETR4.SA), a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields.

Reuters reported in June that Baker Hughes was considering a bid, while Halliburton Co (HAL.N) and Schlumberger NV (SLB.N) were already preparing them, seeking to clinch Petrobras’ first-ever tender for a production sharing deal with an oil services company.

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