• €40 Million CRA OCTG contract secured with Petrobras, strengthening long-term strategic collaboration.
  • Expanded presence in Brazil’s offshore market aligns with Petrobras’ 65% CAPEX allocation to pre-salt projects.
  • Comprehensive project support includes logistics, maintenance, and technical services for operational efficiency.

 

Bilbao, February 5th, 2025 – Tubacex, a global leader in advanced industrial solutions for the energy and mobility sectors, has been awarded a new strategic contract by Petrobras for the supply of premium materials to support gas extraction operations. This contract, valued at €40 million, further strengthens Tubacex’s positioning as a key supplier of corrosion-resistant alloy (CRA) OCTG solutions—casing, tubing, and premium connections—for Petrobras’ offshore developments.

The agreement includes the supply of CRA OCTG tubes, premium connections, and related accessories tailored to meet the specific requirements of Petrobras’ high-performance gas extraction operations. Additionally, the contract encompasses a comprehensive suite of associated services, including logistics, inventory management, dispatch-to-well solutions, repair services, and technical assistance during the installation phase. This reinforces Tubacex’s capability to deliver end-to-end project management for complex energy sector applications.

This milestone underscores Petrobras’ continued confidence in Tubacex’s technical expertise and execution capabilities, already demonstrated in previous projects within the Santos Basin. The new contract aligns with Petrobras’ 2025-2029 strategic plan, which prioritizes investment in exploration and production (E&P), allocating 65% of its CAPEX to pre-salt projects known for their high productivity and competitiveness. Key developments under this plan include the expansion of the Búzios and Mero fields.

Commenting on the agreement, Jesús Esmorís, CEO of Tubacex, stated: “This contract not only strengthens our relationship with a strategic client like Petrobras but also reaffirms our leadership in developing advanced tubular solutions for challenging environments. We remain committed to driving innovation and operational excellence to support our clients in achieving their sustainable energy development objectives.”

The contract further solidifies Tubacex’s global footprint as a preferred partner in the energy sector, reinforcing its long-term growth strategy through high-value, technologically advanced solutions​.