ENXTPA:VKEnergy Services
Should Vallourec's US$1 Billion Petrobras Deal Shift the Margin Outlook for ENXTPA:VK Investors?
Vallourec announced it has secured a multi-year contract worth up to US$1 billion with Petrobras for supplying offshore OCTG products and services from 2026 to 2029, alongside the appointment of Jerome Favre as Head of OCTG, Services and Accessories and a partial early redemption of its 2032 senior notes.
This Petrobras contract marks the largest award under Brazil’s open bidding system, highlighting Vallourec’s reinforced position in the premium tubular solutions market.
We'll explore how...