Vallourec has signed with the National Oil Company of Abu Dhabi a two-year extension worth c. 900MUSD, which will take effect in January 2025 and will last up to January 2027.
Vallourec will continue to supply the complete range of tubes and connections for both conventional and complex applications in onshore and offshore Oil and Gas fields. In addition to the extension, the contract has been amended to expand the initial contract scope of supply to also include a new range of services, such as local pipe coating as well as Vallourec’s new digital solutions such as Tallyvision, which streamlines installation operations by providing full traceability for each tube.
The customer will also continue to benefit from Vallourec’s state-of-the-art yard (operational storage area), equipped with a 100% digital management system.
Under this extension, Vallourec has also secured a new major order for the supply of 27,000 tonnes of tubes. These products will be manufactured in Vallourec plants in France, Brazil, China and Indonesia. Deliveries will start at the end of 2024.
