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Vallourec, Petrobras sign new contracts for ultra-deepwater services

BOULOGNE-BILLANCOURT, France -- Vallourec, a premium tubular solutions provider, has signed two new service contracts Petrobras. In the context of these five-year contracts, Vallourec will support Petrobras with a range of services to meet logistical and ultra-deepwater challenges.

The contracts follow the renewal of a five-year frame agreement signed between the companies in late-2012 for tubular products. Vallourec will provide these services through a dedicated subsidiary, Vallourec Transport and Services, based in Rio das Ostras (state of Rio de Janeiro) on the Atlantic coast, close to Petrobras' unit in Macaé, serving the Campos, Santos and Espirito Santo basins.

The services that Vallourec will provide and execute include: pipe inspection and repair, field services, rig preparation, well coordination, logistics to every port from which Petrobras supplies its offshore drilling rigs, pipe traceability management (using RFID technology), desk logistics, resident engineers and special accessories rental. This represents an enlarged scope of services, compared to previous contracts, which were limited to the inspection and repair of casing materials.

Opened in 2006, Vallourec' s service operations were reinforced with the acquisition of Lupatech' s Tubular Services Rio das Ostras Unit assets in October 2013, which comprise machinery, equipment and facilities. Following this acquisition, the company adopted the name of Vallourec Transport and Services. The new company complements Vallourec' s Brazilian subsidiary, Vallourec Tubos do Brasil, based in Belo Horizonte (state of Minas Gerais).

02/26/2014

 

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