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Vallourec Secures Key Line Pipe Contract From Allseas, Offshore Brazil [Yahoo! Finance]

Archrock, Inc. (AROC) 
Last archrock, inc. earnings: 2/19 07:16 pm Check Earnings Report
US:NYSE Investor Relations: archrock.com/aroc
Company Research Source: Yahoo! Finance
Allseas, a global contractor for the offshore energy market, awarded Vallourec the contract for the Búzios 10 offshore project. Per the terms of the contract, Vallourec is expected to supply 18,000 tons of seamless, carbon steel line pipes of premium quality suited for high-pressure subsea environments. The line pipes would be utilized for risers and flowlines at the Búzios 10 offshore project. The contract also includes an option for supplying another 5,000 tons of these line pipes. The scope of the contract also covers VLOWY's Pipe Navigator solution — an advanced digital portal that stores information in a centralized manner. The portal provides instant access to updated data associated with contract documentation and data & analysis of every relevant detail related to its line pipe projects. The seamless carbon steel line pipes for this project will be manufactured at Vallourec's facility in Jeceaba in Minas Gerais, Brazil. Production at the facility in Minas Gerais would en Show less Read more
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