Vallourec has been awarded a contract by Abu Dhabi National Oil Co. (ADNOC) on Sept. 9 for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million.
It covers 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.
This award represents one of the largest awards received by Vallourec to supply international markets. It evidences the successful strategy and transformation of the group, underlining the competitiveness of its new manufacturing routes as well as its comprehensive offer of products and services.
“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,” Edouard Guinotte, senior vice president ,Middle-East, Asia, said.
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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