Vallourec Lands $900M Deal from ADNOC
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 2-year extension, for an amount of USD 900 million.
It covers a full range of products, from standard API2 to high end premium OCTG3 for both onshore and offshore oilfields, and conventional to complex wells.
In addition, Vallourec will supply “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.
Edouard Guinotte, senior vice president Middle-East/Asia, said, “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.
