Vallourec has been awarded a major contract by Subsea7 to supply carbon steel seamless line pipe and thermal insulation coating for the Sepia 2 project, developed by Petrobras in the pre-salt Santos Basin offshore Brazil. The award follows the EPCI contract Subsea7 recently secured from Petrobras for Sepia 2, and Vallourec has taken the project's entire carbon steel line pipe and external coating supply scope through a single integrated offer. Under the contract, Vallourec will supply approximately 130 kilometers of rigid risers and flowlines, representing more than 15,000 tons of sour service carbon steel line pipe. The pipes will be produced at Vallourec's Jeceaba mill in Minas Gerais, Brazil, with the thermal insulation coating applied at the Vallourec Coating Solutions plant in Serra, Espírito Santo. The Sepia 2 project sits in ultra-deep waters of the Santos Basin roughly 280 kilometers from the Brazilian coast and is developed by a consortium led by Petrobras, comprising 15 wells and an export pipeline connected to a new Floating Production Storage and Offloading vessel to be installed at a water depth of approximately 2,170 meters. Vallourec Chairman and Chief Executive Officer Philippe Guillemot said the contract illustrates the strength of the group's integrated offering and confirms its position as a partner of choice for demanding pre-salt developments.
VallourecVallourec won a major contract from Subsea7 to supply ~130 km of carbon steel line pipe and coating for Petrobras's Sepia 2 project.
Subsea 7 SASubsea7 secured the EPCI contract from Petrobras for Sepia 2 and awarded Vallourec the line pipe supply scope, reflecting its project win.
Petroleo Brasileiro Petrobras SA ADR