Vallourec awarded up to USD 1 Billion contract from Petrobras for in-country tubulars goods

[escveritas]

Meudon (France), on September 11, 2025 – 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.