Vallourec Strengthens Partnership with ADNOC
Vallourec, a recognized leader in premium seamless tubular solutions, has recently entered into a noteworthy agreement with the Abu Dhabi National Oil Company (ADNOC). This collaboration centers around a substantial order involving the provision of over 30,000 tons of carbon steel tubulars and accessories equipped with VAM premium connections. This venture supports the ongoing Long-Term Agreement (LTA) between Vallourec and ADNOC, representing a significant milestone in their partnership.
Comprehensive Services and Solutions
Moreover, this contract encompasses a full complement of services, including VAM Field Service and advanced digital solutions aimed at optimizing both installation practices and ongoing maintenance. Such efforts are designed to enhance operational efficiency within ADNOC’s oil and gas fields, thereby supporting their strategic ambitions.
Global Production Strategy
To fulfill the delivery schedule of this order, Vallourec will leverage its extensive industrial capabilities across multiple locations, including Brazil, China, and Indonesia. This proactive approach aligns seamlessly with ADNOC's ambitious goal of escalating its production capacity to 5 million barrels per day by 2027.
Commitment to Excellence
Laurent Dubedout, Senior Vice President of OCTG, Services and Accessories, articulated Vallourec’s dedication to ADNOC. He noted, "This contract mirrors Vallourec’s steadfast commitment to providing ADNOC with premium products and services, founded on decades of proven excellence in the Middle East. Our established reputation and operational efficiencies enable us to continually deliver premier OCTG solutions and essential services to significant operators like ADNOC."
About Vallourec
Vallourec stands as a pivotal entity in the realm of premium seamless tubular solutions, catering primarily to the energy sectors and demanding industrial needs. Their expertise spans various applications, including oil and gas extraction in challenging environments, cutting-edge power generation facilities, and robust architectural endeavors.
With a dedicated workforce of nearly 13,000 employees deployed across over 20 nations, Vallourec does not only provide raw materials; they craft innovative, safe, and competitive solutions designed to meet the distinct requirements of their clients, making ambitious projects achievable.
Stock Market Presence
Vallourec is publicly traded on the Euronext exchange in Paris under the ticker VK. It is included in several prestigious indices such as CAC Mid 60, SBF 120, and Next 150, exemplifying its significant role in the market. In addition, Vallourec's established American Depositary Receipt (ADR) program in the U.S. under ticker VLOWY facilitates international investment, simplifying engagement with global investors.
Contact Information
For those seeking more information, Vallourec provides dedicated communication channels:
Investor Relations:
Connor Lynagh
Tel: +1 (713) 409-7842
Email: connor.lynagh@vallourec.com
For Individual Shareholders:
Toll-Free (From France): 0 805 65 10 10
Email: actionnaires@vallourec.com
Press Relations Contacts:
Romain Grière
Tel: +33 (0)7 86 53 17 29
Email: romain.griere@taddeo.fr
Nicolas Escoulan
Tel: +33 (0)6 42 19 14 74
Email: nicolas.escoulan@taddeo.fr
Frequently Asked Questions
What is the significance of the contract between Vallourec and ADNOC?
The contract highlights Vallourec's role as a trusted supplier of premium tubular solutions, reinforcing a longstanding partnership with ADNOC.
What products are included in the recent order from ADNOC?
It includes over 30,000 tons of carbon steel tubulars along with associated accessories featuring VAM premium connections.
How does Vallourec ensure operational efficiency for ADNOC?
Vallourec provides integrated services including VAM Field Service and digital solutions to enhance installation and maintenance practices.
Where will the production to fulfill this order take place?
Production will be carried out across Vallourec’s facilities located in Brazil, China, and Indonesia.
What is Vallourec's presence in the stock market?
Vallourec is listed on Euronext Paris under the ticker VK and also has an ADR program in the U.S. under the ticker VLOWY.
