Following the recent award of a contract worth up to $1 billion with Petrobras for the supply of offshore tubular technologies, Vallourec has attracted the attention of the European and U.S. financial markets.
The million-dollar award and the OCTG contract
The company was listed on Euronext Paris under ticker VK, and is part of the CAC Mid 60, SBF 120 and Next 150 indexes, after being eligible for the Deferred Settlement Facility. In the United States, the company operates through a sponsored Level 1ADR program, with a 5:1 parity to its common shares.
With close to 14,000 employees in more than 20 countries, Vallourec specializes in seamless tubular solutions for extreme for extreme environments, including oil wells, new-generation power plants, advanced architecture and high-performance machinery. In addition, its focus on innovation and technological development has enabled the company to expand its industrial frontiers and establish itself as a strategic partner of the world’s major oil companies.
This contract with Petrobras covers the supply of seamless pipes and premium VAM connections for offshore operations between 2026 and 2029, representing the largest award in volume and revenue since the Brazilian oil company adopted its open bidding strategy. In addition to the products, Vallourec will provide comprehensive onshore and offshore services, from engineering to maintenance and inventory replenishment.
