NOV Plans To Roughly Double Capacity Of Subsea Flexible Pipe Manufacturing Facility In Açu, Brazil, Through $200M Investment Over Next Three Years

• NOV to roughly double the capacity of its manufacturing facility in Brazil over the next three years to support anticipated demand
• $200 million capital expansion positions NOV to capture expected growth in offshore development activity and advance solutions for high-CO₂ applications
• Sustained high utilization and strong backlog across existing facilities support the need for additional capacity
   

HOUSTON, March 25, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) today announced plans to roughly double the capacity of its subsea flexible pipe manufacturing facility in Açu, Brazil, through a $200 million investment over the next three years.