French provider of tubular solutions Vallourec has signed a long-term agreement with Brazilian oil & gas giant Petrobras for the supply of oil country tubular goods (OCTG) that could generate total revenue of up to $1 billion.

Following a competitive bidding process, Vallourec has been selected to supply OCTG products and services for Petrobras’ offshore operations from 2026 to 2029, with the agreement representing the widest award both in volumes and revenues since the Brazilian major adopted the open tender strategy.