Vallourec secures major contract with Petrobras

Vallourec, a world leader in premium seamless tubular solutions, announces, after a competitive process, the signing of a significant contract with Petrobras, a leading player in the global energy industry. The contract covers the supply of premium Oil Country Tubular Goods (OCTG) and accessories for the development of the technically-sophisticated Sepia 2 and Atapu 2 projects. Additionally, Vallourec will provide a comprehensive range of associated services such as Tubular Management Services, VAM Field Service, and the full suite of Vallourec’s digital solutions.

This project showcases Vallourec’s expertise in providing high-end steel grades (High Collapse, Sour Service, Super Martensitic) and premium connections (VAM^Ⓡ 21 and VAM^Ⓡ SLIJ-3) to meet the demanding technical challenges of Brazil’s deepwater pre-salt fields. All products will be supplied from the Group’s Brazilian plants, including large diameter seamless tubes, for which production capabilities have been reinforced by the recent investment under the New Vallourec plan. Vallourec stands apart in its ability to deliver high-value tubular solutions and services from its vertically-integrated Brazilian facilities. This contract, which reflects the significant value added by Vallourec’s premium solutions, entails deliveries of up to 25,000 tons over a three-year period.

Philippe Guillemot, Chairman of the Board of Directors, and Chief Executive Officer declared: “This contract is a clear endorsement of Vallourec’s unique positioning in one of the world’s most important oil producing regions. It demonstrates the Company’s commitment to the Brazilian market and its ability to deliver high value tubular solutions and services directly from its Brazilian facilities. This is a tangible result of the New Vallourec strategic plan, which has strengthened the Company’s position in key markets to better serve its customers. The Company is proud to be partnering with Petrobras on this important project.“