Core Insights - Vallourec will showcase its latest innovations in VAM connections and comprehensive service offerings at the Offshore Technology Conference Asia (OTC Asia) from March 31 to April 2, 2026, in Kuala Lumpur, Malaysia [1] Product Innovations - Vallourec will highlight advancements in its flagship VAM premium connections, which have set a benchmark in the Oil & Gas sector for performance and reliability since their introduction [3] - The company will introduce the SUBMAGNETICO FREEFLOW innovation, aimed at significantly reducing scale deposits in tubing strings, thereby enhancing production reliability and minimizing maintenance needs [4] Service Offerings - Vallourec will present its full portfolio of OCTG (Oil Country Tubular Goods) and Line Pipe products, along with services that support customers throughout the project lifecycle, including upstream engineering, operational support, and recycling solutions [2] Technical Presentations - Vallourec experts will deliver two key technical presentations focused on innovation and OCTG technologies during the event [5] - Daily live technical sessions will be held at Vallourec's booth, covering topics such as innovative on-site OCTG data acquisition technologies and cost-effective solutions for OCTG applications [6][7] Company Overview - Vallourec is a global leader in premium tubular solutions for energy markets and demanding industrial applications, employing nearly 13,000 people across more than 20 countries [6] - The company is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120 [6]

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 been awarded a significant contract by Petrobras for the supply of OCTG products and services, potentially generating up to USD 1 billion in revenue from 2026 to 2029, marking the largest award in terms of volume and revenue since Petrobras implemented an open tender strategy [1][2]. Group 1: Contract Details - The contract encompasses the full scope of OCTG supply, including seamless pipes and VAM premium connections for offshore wells ranging from 4.5" to 18", as well as carbon and stainless-steel tubulars and related accessories [2]. - Vallourec will provide extensive value-added services both onshore and offshore, including engineering, material coordination, rig preparation, offshore supervision, and repairs, aimed at enhancing Petrobras' operational efficiency [2]. Group 2: Company Positioning - This contract reinforces Vallourec's leadership in VAM premium connections and Vallourec Tubular Services in Brazil, showcasing the company's strong market position [3]. - Philippe Guillemot, CEO of Vallourec, emphasized the company's capability to meet complex customer requirements and the importance of its long-standing partnership with Petrobras, built on trust and technical excellence [4]. Group 3: Company Overview - Vallourec is recognized as a global leader in premium tubular solutions for energy markets and industrial applications, employing nearly 14,000 people across more than 20 countries [5]. - The company focuses on delivering innovative and competitive tubular solutions, supported by advanced R&D efforts [5].

Core Viewpoint - Vallourec has secured two contracts to supply Oil Country Tubular Goods (OCTG) to CNOOC and PetroChina in Iraq, with potential revenue exceeding $130 million [1][2]. Group 1: Contracts and Deliveries - The contracts involve the supply of carbon steel and Super-13Cr steel OCTG products featuring VAM premium connections, with deliveries planned throughout 2025 and 2026 [2]. - These contracts are aimed at supporting the increasing drilling activities in Iraq, reflecting Vallourec's capability to meet the specific technical requirements of both operators [2]. Group 2: Market Context - Iraq is home to some of the largest oil reserves globally, with super-giant oil fields being developed by international oil and gas companies, leading to a rising demand for premium OCTG materials [3]. - The Iraqi Ministry of Oil has announced plans to increase the country's oil production capacity from 4.1 million barrels per day (bpd) in 2025 to 6 million bpd by 2029, indicating a growing market for Vallourec's products [4]. Group 3: Company Competitiveness - Vallourec's ability to supply significant quantities of premium materials in a short timeframe has been recognized by CNOOC and PetroChina, highlighting the company's competitiveness in the market [4]. - The VAM connections provided by Vallourec are increasingly praised for their robustness and ease of use, establishing them as a standard choice for operations in Iraq and the Middle East [4].