# Neway Valve wins $25 million valve supply contract for Petrobras offshore project

China's Neway Valve signed a supplier contract with Modec Offshore Production Systems Singapore, a Petrobras contractor, to deliver valves for an offshore oilfield project in Brazil, worth about USD 25 million, with delivery by March 2021.

- Type: Contract
- Announced: 2020-10-13
- Where: Rio de Janeiro, Brazil
- Value: $25.0M
- Status: announced
- Products: valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Neway Valve](https://endata.com/companies/769.md) (supplier)
- [Petrobras](https://endata.com/companies/2820.md) (customer)
- [Modec Offshore Production Systems Singapore](https://endata.com/companies/7115.md) (customer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-neway-wins-petrobras-usd25-million-valve-deal-in-brazil), 2020-10-14: "China's Neway Valve has obtained a contract to provide Rio de Janeiro-based Petroleo Brasileiro with different types of valves for the latter's offshore oilfield project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.