Vallourec wins contract with Allseas for Atapu 2 offshore project in Brazil

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Vallourec has been awarded a contract by Allseas to supply carbon steel seamless line pipes and thermal insulation coating for the Atapu 2 offshore project in Brazil. The contract covers 143 kilometers of rigid risers and flowlines, representing approximately 19,000 tons of bare line pipe. The pipes will be produced at Vallourec's Jeceaba mill, while the thermal insulation coating will be applied at its Serra facility, leveraging capabilities from the recent acquisition of Thermotite do Brasil. The Atapu 2 project is developed by the Unitized ATAPU consortium operated by Petrobras, targeting a portion of the Atapu Field in the Santos Basin at water depths between 2,000 and 2,350 meters.

Impact on stocks 2

Materials▲ · 1 stocks
Vallourec
VK
▲ PositiveDemandrelevance

Vallourec wins a contract to supply pipes and coating for the Atapu 2 project, securing revenue and utilization of its facilities.

Energy▲ · 1 stocks

Off-coverage companies 1

AllseasPrivate▲ Positive
Demandrelevance

Allseas awards the contract to Vallourec, indicating its role in the project's installation scope.

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