It’s reported that Vallourec, France-based global manufacturer of pipes and tubes has signed a new OCTG contract of 5 years with Brazilian national oil company Petrobras in order to meet and supply tubular products for the oil & gas industry respectively. The company will focus on new premium OTCG products including seamless pipes and connections which van penetrate into offshore exploration and production purpose. Meanwhile, it’s known that the Brazilian national oil company has poured the total investment about US$236.5 billion between 2012 and 2016, including US$ 141.8 billion for exploration and production application as well.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62474&division=A9
