BRIEF

on VALLOUREC (EPA:VK)

Vallourec Wins Major Order from TotalEnergies in Angola

Stock price chart of VALLOUREC (EPA:VK) showing fluctuations.

Meudon, 10 July 2024 – Vallourec, a world leader in premium tubular solutions, has secured a contract from TotalEnergies. This deal involves supplying nearly 5,000 tonnes of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, located 100 km off the coast of Angola.

For this project, Vallourec will provide its renowned VAM® connections and its environmentally-friendly, dope-free solution, CLEANWELL®. The company will also offer its offshore expertise through VAM® Field Service and its Tubular Management Services, managing the inspection and preparation of tubes before and after drilling operations.

Manufacturing will occur at Vallourec plants in France, Brazil, and Indonesia, leveraging the Group’s premium production hubs. Additionally, Vallourec supports TotalEnergies with a range of products and services across Africa, including CLEANWELL® solutions in Nigeria, Gabon, Congo, and Mozambique.

Philippe Guillemot, Chairman and CEO, expressed pride in supporting TotalEnergies' projects, thanking the Vallourec teams for their commitment.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all VALLOUREC news