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Vallourec was awarded a major contract by Subsea7 to supply about 130 km of carbon steel line pipe, over 15,000 tons, plus thermal insulation coating for Petrobras' Sepia 2 pre-salt project in the Santos Basin offshore Brazil.
Vallourec secured a significant contract from Shell to supply OCTG seamless pipes, VAM premium connections and value-added services for Shell's offshore Orca project in Brazil, with drilling expected from April 2027 and 12,000 to 15,000 tons of pipes.
Vallourec committed at least $39 million, up to $48 million, to add a VAM premium threading line at its Youngstown, Ohio facility. The project will create 40 full-time jobs, with completion expected by early 2027.
Vallourec was awarded a long-term Petrobras contract to supply seamless OCTG pipes and VAM premium connections plus services for offshore wells in Brazil from 2026 to 2029, worth up to USD 1 billion.
Vallourec has signed a significant contract with Petrobras to supply premium OCTG tubes and services for the Sepia 2 and Atapu 2 pre-salt projects. Deliveries of up to 25,000 tons over three years will come from its Brazilian plants.
Vallourec was awarded a contract by TotalEnergies to supply almost 5,000 tonnes of OCTG tubular solutions and associated services for the Kaminho deepwater project on Block 20, offshore Angola. Products will be made in Vallourec plants in France, Brazil and Indonesia.
Vallourec signed a 5-year turnkey contract to supply premium tubes, connections, accessories and services to Equinor in Brazil for the Bacalhau, Raia and Peregrino fields, with first deliveries expected in the second half of 2025.
Vallourec has secured a contract to supply Petrobras with 1,800 tonnes of premium carbon steel tubes with GRE liners and CRA accessories, plus related services, for offshore wells in the Campos pre-salt basin. The products will be manufactured at Vallourec's plant in Barreiro, Minas Gerais, Brazil.
Vallourec won a line-pipe order from ExxonMobil Guyana to deliver 35,000 metric tons for the Uaru project in the Stabroek Block, offshore Guyana. The pipe will be supplied from Vallourec's Jeceaba factory in Brazil.
Vallourec will supply 35,000 metric tons of line-pipe, including 2,000 metric tons of X80 grade, to ExxonMobil Guyana for the deep-water Uaru project in the Stabroek Block. The order is the third under a long-term agreement and will be served from Vallourec's Jeceaba factory in Minas Gerais, Brazil.
Vallourec was awarded a contract by BOE Exploration & Production to supply OCTG products for the Shenandoah deepwater project offshore Louisiana. Drilling is expected to begin in Q3 2022 with first oil in Q4 2024.
Vallourec was awarded a five-year contract, with a possible two-year extension, by Abu Dhabi National Oil Company to supply tubing and casing worth USD 900 million plus mill-to-rig services. Deliveries from Vallourec mills in Europe, South America and China are expected to start in second half of 2020.
Vallourec Soluções Tubulares do Brasil was awarded a contract by TechnipFMC to supply about 12,000 tons of seamless steel rigid line pipe for the Mero 1 pre-salt field in the Libra block. Pipe supply starts at the end of 2019.
Vallourec subsidiary Valinox Nucléaire signed a contract with Framatome to make more than 47,500 tubes for the eight steam generators of the two new EPR units at Hinkley Point C in England. Production will begin in 2018 at Montbard, France.
Vallourec closed the purchase of a 50.61% stake in Chinese seamless tube maker Anhui Tianda Oil Pipe, raising its total holding to 70.07%. The two transactions valued TOP's share at about 175 million US dollars.
