Vallourec, a leading French pipe manufacturer, has signed a significant supply contract, worth over 130 USD million, with Kuwait Oil Company (KOC). Under this agreement, Vallourec will supply carbon steel OCTG (Oil Country Tubular Goods) products equipped with high-torque flush premium connections for KOC’s drilling operations, set to be delivered in 2025 and 2026. Vallourec will provide the most technically advanced part of the tender, offering high-quality steel grades and connection systems.
Vallourec has had a strong presence in the Kuwaiti market for many years, developing tailored solutions for both onshore and offshore projects for KOC. This new contract aligns with Kuwait's expansion plan to increase its daily oil production to 4 million barrels by 2035. It follows KOC’s release of a tender for deep drilling applications in September 2024.
Philippe Guillemot, CEO of Vallourec, stated, "This new order strengthens our long-standing partnership with KOC. Our ability to produce and deliver significant volumes of premium products with high-quality connection systems clearly demonstrates our competitiveness."
Recently, Vallourec also signed a similar OCTG supply agreement with Sonatrach, Algeria's national oil company, further cementing its reputation for reliable, high-quality steel pipe solutions in the energy sector.
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