Core Viewpoint - Vallourec has secured a significant contract with Shell for the supply of OCTG products and services for the Orca project in Brazil, highlighting its competitive edge in the market [1][2]. Group 1: Contract Details - The agreement involves the supply of OCTG products for Shell's offshore operations, specifically for the Orca project, with drilling expected to commence in April 2027 [2]. - The current drilling plan includes 10 wells, requiring an estimated 12,000 to 15,000 tons of pipes [2]. - The contract covers a full OCTG scope, including seamless pipes and VAM premium connections, with sizes ranging from 4.5" to 18", utilizing both carbon and stainless-steel tubulars [3]. Group 2: Value-Added Services - Vallourec will provide comprehensive value-added services, including desk engineering, material coordination, rig preparation, offshore supervision, and rig return repairs, to enhance Shell's operational efficiency [3]. Group 3: Company Insights - Philippe Guillemot, CEO of Vallourec, emphasized the company's capability to support customers across the entire value chain, reinforcing the value of VAM premium connections in Brazil [4]. - Vallourec is recognized as a leader in premium tubular solutions for energy markets and demanding industrial applications, with a strong focus on innovation and R&D [5].

Core Insights - Vallourec has secured a significant contract with TechnipFMC for the Orca project in Brazil, involving over 20,000 tons of subsea seamless premium carbon-steel line pipes [1][2] Company Overview - Vallourec is a leader in premium tubular solutions for energy markets and demanding industrial applications, employing nearly 13,000 people across more than 20 countries [3] - The company focuses on innovative and safe tubular solutions, emphasizing its commitment to R&D and technological advancements [3] Contract Details - The contract includes the supply of line pipes for risers and flowlines, along with anti-corrosive and thermal insulated coating services, marking a first since Vallourec's acquisition of Thermotite do Brasil [2] - This integrated offering enhances Vallourec's local production capabilities and strengthens its strategic presence in Brazil [2] Market Position - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120, indicating its established market presence [4]