27 February 2014 – Vallourec signed two new service contracts with its customer Petrobras, the Brazilian national oil company. In the context of these five-year contracts, Vallourec will support Petrobras with an extensive range of services to meet the challenges faced by the oil company in terms of logistics and ultra-deep offshore applications.
These two service contracts complement the comprehensive package of tubular products which Vallourec is providing to its number one Brazilian customer, as part of a five-year frame agreement renewed late 2012. Vallourec will provide these services through a dedicated subsidiary, Vallourec Transportes e Serviços Ltda., employing 280 people and based in Rio das Ostras (state of Rio de Janeiro) on the Atlantic coast, close to Petrobras’ unit in Macaé, facing the Campos, Santos and Espirito Santo Basins.
The services that Vallourec will provide and execute cover 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 rental of special accessories.