Vallourec gains on Sepia 2 contract for Brazil project

Petroleo Brasileiro SA Petrobras

16/09/2026 08:13

Sept 16 (Reuters) - ** Shares in Vallourec VLLP.PA rise 3.3% after it secured a major contract from Subsea 7 SUBC.OL for Petrobras' PETR3.SA Sepia 2 offshore project in Brazil
** The French steel tube maker will supply about 130 km of rigid risers and flowlines, representing more than 15,000 tons of sour service carbon steel line pipe 
** The contract follows Subsea 7's recent engineering, procurement, construction and installation contract from Petrobras for the Sepia 2 development
** Up to the previous session's close, shares were up 19.2%​ YTD

(Reporting by Zakarya Meliani)
((zakarya.meliani@thomsonreuters.com))