Vallourec gains on Sepia 2 contract for Brazil project

By Reuters News

Sept 16 (Reuters) - ** Shares in Vallourec VLLP.PA rise 3.3% after it secured a major contract from Subsea 7 SUBC.OL for Petrobras' PETR3.SA Sepia 2 offshore project in Brazil

** The French steel tube maker will supply about 130 km of rigid risers and flowlines, representing more than 15,000 tons of sour service carbon steel line pipe

** The contract follows Subsea 7's recent engineering, procurement, construction and installation contract from Petrobras for the Sepia 2 development

** Up to the previous session's close, shares were up 19.2%​ YTD

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