Vallourec secures over $300m orders for OCTG from Aramco
Vallourec, a global leader in premium steel tubular solutions, has announced a major order win totaling more than three hundred million dollars from Aramco. These orders, which bolster Vallourec’s recent successes in the region, include the supply of proprietary steel grade casing and tubing, especially designed for high-pressure environments and threaded with premium VAM connections.
Incremental Orders Enhance Long-Term Relationship
These significant orders are incremental to the volumes set to be delivered under Vallourec’s existing 10-year long-term agreement with Aramco. The deal not only represents a significant financial achievement but also strengthens the ongoing relationship between the two companies.
Global Production and Delivery
Vallourec will manage the production of these orders at several of its plants, leveraging its global industrial footprint and comprehensive range of expertise. The deliveries of these premium oil country tubular goods (OCTG) are scheduled to take place during 2024.
Vallourec Expands Its Presence in Oil and Gas Sector with Aramco Order Worth $300 Million
Strong Brand Recognition in Saudi Arabia
Commenting on this milestone, Philippe Guillemot, Vallourec’s Chairman and CEO, said: “These orders speak to Vallourec’s deep relationship with Aramco and our strong brand recognition in the Kingdom… We look forward to further strengthening our relationship in the years ahead.” Vallourec’s presence in Saudi Arabia spans over a decade, and the company is expanding its domestic presence to meet the growing local demand.
Implications for the Oil and Gas Sector
This order win by Vallourec highlights the company’s significant role in the global oil and gas sector, showcasing its capability to meet the high-demand and technical requirements of major industry players like Aramco.
The deal with Aramco marks a key development in Vallourec’s business trajectory, underlining its position as a leading supplier in the oil and gas industry and reinforcing its commitment to providing advanced tubular solutions on a global scale.