Vallourec Inks Petrobras Deal
- Business & Finance
Vallourec, tubular solutions specialist, has signed new contracts for the supply of products and services to the Brazilian national oil company Petrobras.
In the framework of these 3 years, Vallourec said it will supply Petrobras’ operations with OCTG products and associated accessories, with premium steel grades and connections.
The products and associated services will be used by Petrobras on its offshore oil & gas exploration and production wells, located at the reservoirs of the pre-salt basin.
Philippe Crouzet, chairman of Vallourec’s management board, said: “Petrobras is one of the most productive oil companies in the world and operates in pre-salt areas where the potential is huge. We are proud to have taken up the challenge once again, to answer the technological challenges of Petrobras. We are pleased to pursue our collaboration with this historical partner. We have been bold in supporting it with the best of our innovation and by proposing new services.”