Vallourec Wins 5-Year Contract to Supply Premium Solutions to Equinor in Brazil

Meudon (France), June 17, 2024 – Vallourec, a global leader in premium seamless tubular solutions, has secured a 5-year contract with Equinor in Brazil. The deal covers the turnkey supply of premium tubes, connections, accessories, and services. Equinor, a major energy producer, operates in several key fields in Brazil, including the Bacalhau and Raia pre-salt fields and the Peregrino post-salt field.

Vallourec's low-carbon, high-performance OCTG solutions will support Equinor’s Energy Transition Plan aimed at achieving net zero emissions by 2050. The contract also features innovative digital solutions and Vallourec's comprehensive Tubular Management Services (TMS), which promise to enhance operational efficiencies and reduce total cost of ownership for Equinor.

Production for the contract will be managed by Vallourec's facilities in Barreiro and Jeceaba, along with the Vallourec Tubular Solutions center in Macae. This localized approach aims to optimize the supply chain and meet Equinor’s specific needs.

Bertrand Frischmann, Chief Operating Officer of the Americas at Vallourec, remarked on the long-standing partnership with Equinor, highlighting the company's expertise in delivering high-value products. Initial deliveries are expected in the latter half of 2025.