Vallourec, a world leader in premium seamless tubular solutions, has been awarded a major contract by Petrobras as a result of a competitive bidding process for the supply of OCTG (Oil Country Tubular Goods) products and services for its offshore operations from 2026 to 2029. This long-term agreement could generate total revenue of up to USD 1 billion, representing the widest award both in volumes and revenues since Petrobras adopted the open tender strategy.
This contract covers the full OCTG scope of supply for seamless pipes and VAM® premium connections required for Petrobras’ offshore wells from 4.5” up to 18”, including carbon and stainlesssteel tubulars and associated accessories. Vallourec will also deliver comprehensive value-add services both onshore and offshore, from desk engineering and material coordination to rig preparation, offshore supervision, rig return repairs, and re-stocking, to support Petrobras in optimizing operational efficiency. This success thereby reinforces the leadership of VAM® premium connections and Vallourec Tubular Services (VTS) in Brazil.
Philippe Guillemot, Chairman of the Board of Directors and CEO of the Vallourec Group, commented: 'This achievement is a powerful demonstration of Vallourec’s ability to meet customers’ complex and evolving requirements. It confirms the strength and consistency of our positioning, built on technical excellence, an integrated industrial presence in Brazil, and a long-standing partnership with Petrobras based on mutual trust. I would like to thank Petrobras for its renewed trust and all Vallourec teams whose commitment and expertise made this success possible.'
Source: Vallourec
