Tubacex has secured a EUR 40 mln (USD 41.2 mln) contract from Brazil’s Petrobras to supply premium materials for gas extraction operations. This deal strengthens Tubacex’s role as a key supplier of corrosion-resistant alloy (CRA) OCTG solutions, including casing, tubing, and premium connections for Petrobras’ offshore projects.
The contract covers CRA OCTG tubes, premium connections, and accessories designed for Petrobras’ high-performance gas extraction needs. It also includes logistics, inventory management, dispatch-to-well solutions, repair services, and technical support during installation, highlighting Tubacex’s end-to-end project management capabilities.
This agreement reinforces Petrobras’ trust in Tubacex, following successful collaborations in the Santos Basin. It aligns with Petrobras’ 2025-2029 strategic plan, which prioritizes exploration and production, allocating 65pct of its CAPEX to pre-salt projects such as the expansion of the Buzios and Mero fields.
1 USD / 0.96 EUR
