Vallourec gets $900 million tubing and casing order from ADNOC
French tubular solutions supplier Vallourec has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million.
Vallourec said on Monday that the order covered a full range of products, from standard API to high end premium OCTG for both onshore and offshore oilfields, and conventional to complex wells.
In addition, Vallourec will supply a large range of “from mill to rig” services as part of its new Vallourec.smart services offer.
According to the company, this award represents one of the largest awards received by Vallourec to supply international markets. The company noted that this order illustrated the ongoing recovery of EA-MEA Oil & Gas markets.
Edouard Guinotte, Senior Vice President Middle-East/Asia, said, “We are delighted that ADNOC, the national oil company of Abu Dhabi and one of our key Group customers, has renewed its confidence to Vallourec by awarding this contract and enabling Vallourec to accompany ADNOC in its long-term strategy.”
He added: “This contract is a new milestone in our longstanding relationship with ADNOC, to whom Vallourec will provide added value, with increased flexibility and technical expertise included within our new services and digital offer Vallourec.smart.”
Tubing and casing will be supplied from Vallourec’s mills in Europe, South America and China. Deliveries are expected to start from second half of 2020.
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