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After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

 

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields.

Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the 2019 contract originally worth around $900 million, which takes effect in January 2025 and will last up to January 2027.

The French company will continue supplying the complete range of tubes and connections for both conventional and complex applications in onshore and offshore oil and gas fields. Besides the extension, the contract has been amended to expand the initial 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, said to streamline installation operations by providing full traceability for each tube.

Under this extension, Vallourec has also secured a new order for the supply of 27,000 tonnes of tubes. These products will be manufactured at the company’s plants in France, Brazil, China and Indonesia, with deliveries set to start at the end of 2024.

“The extension of our contract shows our customer’s trust and the added value they have received from this integrated tubes and services offering we have provided for the past four years as a reference supplier,” said Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer of Vallourec.

“Under this extension, we are further expanding our range of services. Our customer has also recognized the value and quality of this enhanced offering with its significant new order. I am proud of the high level of our operations in Abu Dhabi and the unfailing commitment of our teams to our long-standing partner.”

The news comes shortly after Vallourec secured a contract with ExxonMobil to deliver pipe for a deepwater oil development located offshore Guyana, as well as a contract with Brazil’s state-owned energy giant Petrobras for the supply of tubes and services for offshore development wells, mostly located in the Campos pre-salt basin.

The French firm also recently signed a five-year contract with Equinor in Brazil for the turnkey supply of premium tubes and connections, accessories, and services, set to be delivered for the Bacalhau and Raia fields operated in the pre-salt, as well as the Peregrino field in the post-salt.

Read the latest issue of the OGV Energy magazine HERE

Published: 20-06-2024

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