Vallourec strengthens Petrobras collaboration

Vallourec announced that it has signed two new service contracts with Brazilian oil company Petrobras. Under these five-year contracts, Vallourec will support Petrobras with an extensive range of services to meet challenges related to logistics and ultra-deep offshore applications.

The two new service contracts complement the comprehensive package of tubular products, which Vallourec is providing to Petrobras, as part of a five-year frame agreement, which was renewed at the end of 2012.

Vallourec Transport and Services

Vallourec will provide these services through a dedicated subsidiary, Vallourec Transport and Services, 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.

Comments

Philippe Crouzet, Vallourec’s management board chairman, commented: "We are proud to have been selected by Petrobras for such a large range of high value-added services. These contracts demonstrate the value of our expertise as well as the relevance of being able to offer local on-site services as an integral part of our premium solutions dedicated to complex offshore applications. This is a first for Vallourec, supporting our ambition to be more than a pipe supplier: a premium solutions provider. It will bring our 60-year long partnership with the Brazilian national oil company to a higher level."

Services

Vallourec will provide services including:

• 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
• Rental of special accessories

This represents a larger scope of services compared to previous contracts, which were limited to inspection and repair of casing materials.

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/27022014/vallourec_strengthens_collaboration_with_petrobras_538/