Philippe Guillemot, Chairman of the Board of Directors and CEO of the Vallourec Group, commented: “The Orca project is a perfect illustration of Vallourec’s ability to address the most complex technical challenges of offshore environments. This contract, which includes thermal insulation, is a first since the acquisition of Thermotite do Brasil, demonstrating the value of an integrated offering for our local customers. With full local production and a sustained investment strategy in recent years, it strengthens our presence in Brazil, a strategic market for our activities, and reflects our partners’ trust in our industrial expertise.”