VALLOUREC : VALLOUREC : Vallourec strengthens its R&D capacities with the inauguration of a new Research Center in Rio de

  VALLOUREC : VALLOUREC : Vallourec strengthens its R&D capacities with the
inauguration of a new Research Center in Rio de Janeiro, dedicated to pre-salt

Rio de  Janeiro and  Boulogne-Billancourt,  July 9,  2013 -  Vallourec,  world 
leader in premium tubular solutions, today announces the inauguration of a new
Research Center  in Rio  de  Janeiro, in  the  presence of  Philippe  Crouzet, 
Chairman of Vallourec's  Management Board.  Due to be  operational by  October 
2013, the Rio Center will focus on all pre-salt activities of the Group,  with 
the support  of  Vallourec's  Research  Center in  Belo  Horizonte  which  was 
recently expanded as well, and the other Vallourec research centers throughout
the world. Vallourec has  a worldwide network of  more than 500 R&D  engineers 
and technicians, and spent
€93 million in  2012 on  R&D. With this  reinforced R&D  structure in  Brazil, 
Vallourec reaffirms  its commitment  to innovation  and meeting  its  clients' 
technological challenges with the most premium solutions.

Located next to Petrobras' CENPES research center in the Technological Park of
Rio de Janeiro, the Rio Center will allow Vallourec to work even more  closely 
with the Brazilian  national oil  company on  the needs  for pre-salt  fields, 
which are  characterized  by  extreme  pressure,  temperature,  and  corrosion 
conditions. The  new  unit  will  benefit  from  synergies  with  the  Federal 
Universities of Rio de Janeiro and Minas Gerais among others, in areas such as
the environment, robotics, and energy use.

Flávio de Azevedo, Vice-President Technology, R&D and Innovation (TRDI) of the
Vallourec group,  declared: "We  are  happy to  further extend  our  long-term 
collaboration with  Petrobras,  and  support them  with  our  best  innovation 
capability in  order  to tackle  the  unequalled challenges  of  the  pre-salt 
exploitation, as well as  future challenges like those  of the yet  unexplored 
equatorial margins. These new exploitation frontiers have severe  requirements 
on  pipes  and  connections,  which  need  to  be  able  to  withstand  unique 
combinations of  mechanical,  corrosive and  thermal  constraints.  Vallourec, 
through  its  sustained   innovation  capability,  is   able  to  meet   these 
technological  challenges  and  supply   Petrobras  with  the  most   advanced 

Vallourec is  one  of  Petrobras' long-standing  partners,  the  collaboration 
between the two  groups dating  back to 60  years. Within  a recently  renewed 
5-year main frame  agreement, Vallourec supplies  Petrobras with premium  pipe 
and connections  for the  oil company's  offshore exploration  and  production 
wells, including the huge reservoir of the pre-salt fields.

About Vallourec

Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.

With over 23,000 employees, integrated manufacturing facilities, advanced R&D
and a presence in more than 20 countries, Vallourec offers its customers
innovative global solutions to meet the energy challenges of the 21st century.

Listed on the NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and
eligible for the Deferred Settlement System (SRD), Vallourec is included in
the following indices: MSCI World Index, Euronext 100 and CAC 40.

In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).
Parity between ADR and a Vallourec ordinary share has been set at 5:1.

For further information, please contact
Press relations                Investor relations

Caroline Philips                Etienne Bertrand

Tel: +33 (0)1 41 03 77 50       Tel: +33 (0)1 49 09 35 58

130709_Vallourec Press release_Rio Center Inauguration_ENG


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Source: VALLOUREC via Thomson Reuters ONE
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