Vallourec Secures New Growth with Petrobras
Vallourec, an industry leader in premium tubular solutions, has recently announced a significant new order with Petrobras. This collaboration focuses on the innovative SUBMAGNÉTICO FREE FLOW, a groundbreaking technology that addresses one of the critical challenges faced in offshore oil production.
Understanding SUBMAGNÉTICO FREE FLOW
At its core, the SUBMAGNÉTICO FREE FLOW aims to combat inorganic scaling that can hinder oil production efficiency. By applying a magnetic field to the extracted fluid, this advanced Oil Country Tubular Goods (OCTG) solution effectively minimizes the deposition of scale, which is known to complicate production strings.
Benefits of This Technology
The adoption of the SUBMAGNÉTICO FREE FLOW technology is expected to yield substantial benefits for operators. Key advantages include a considerable reduction in the need for well cleaning interventions, lower consumption of scale inhibitors, and minimized production downtime, thereby leading to overall cost savings.
Collaborative Development with Petrobras
The successful development of this solution was a collaborative effort between Vallourec and Petrobras. It has undergone rigorous testing, which includes assessments for vibrations, shocks, pressures, and meets API and ISO standards. This partnership underscores Vallourec’s commitment to innovation and quality in the energy sector.
Leadership Insights
Jérôme Favre, Senior Vice President of OCTG, Services and Accessories at Vallourec, expressed enthusiasm about this milestone. He noted, "This new order confirms the growing adoption of SUBMAGNÉTICO FREE FLOW as a standard anti-scaling technology for offshore production. It also highlights Vallourec's ability to develop smart, safe, and cost-effective solutions tailored to our clients' critical challenges." This statement reflects Vallourec's dedication to merging advanced technology with practical solutions tailored to the complexities of modern energy production.
Company Overview: Vallourec
Vallourec stands as a renowned global leader in premium tubular solutions designed for energy markets and industrial applications. The company's extensive portfolio supports diverse sectors including oil and gas wells, new generation power plants, and intricate architectural projects. With nearly 13,000 dedicated professionals spanning over 20 countries, Vallourec not only provides high-quality tubes but also delivers innovative and robust tubular solutions to tackle even the most challenging projects.
Stock Information
Listed on the Euronext Paris stock exchange under the ticker PARIS:VK, Vallourec is part of various indices including CAC Mid 60, SBF 120, and Next 150 indices, showcasing its strong market position and investor confidence.
Summary of Contact Details
For more information or inquiries, individuals may contact:
Investor Relations: Connor Lynagh
Tel: +1 (713) 409-7842
Email: connor.lynagh@vallourec.com
Press Relations: Romain Grière
Tel: +33 (0)7 86 53 17 29
Email: romain.griere@taddeo.fr
Nicolas Escoulan
Tel: +33 (0)6 42 19 14 74
Email: nicolas.escoulan@taddeo.fr
For Individual Shareholders: Toll-free number (From France): 0 805 65 10 10
Email: actionnaires@vallourec.com
Frequently Asked Questions
What is the SUBMAGNÉTICO FREE FLOW technology?
This technology is designed to prevent inorganic scaling in oil production strings, enhancing efficiency and reducing costs.
How does this new order with Petrobras impact Vallourec?
This order confirms Vallourec's role as a key player in the offshore production sector, emphasizing its commitment to innovative solutions.
What are the benefits of using this new technology?
Operators can experience lower cleaning intervention costs, reduced scale inhibitor usage, and minimized production downtime.
Who should be contacted for investor inquiries?
Connor Lynagh is the designated contact for investor relations at Vallourec.
Where is Vallourec listed?
Vallourec is listed on Euronext Paris under the ticker PARIS:VK, demonstrating its competitive market position.
