Vallourec records several major orders from Aramco
11/15/2023
Press Release
These orders total more than three hundred million dollars and supplement Vallourec’s recent successes in the region.
Vallourec, a world leader in premium steel tubular solutions, announces that it has won orders for premium oil country tubular goods (OCTG) from Aramco. These orders total more than three hundred million dollars and supplement Vallourec’s recent successes in the region.
They cover the supply of proprietary steel grade casing and tubing for high-pressure environments, threaded with premium VAM® connections.
These orders are incremental to the volumes to be delivered under the company’s 10-year long-term agreement with Aramco. Vallourec will handle production at several of its plants, drawing on its global industrial footprint and full range of expertise. Deliveries will take place during 2024.
Vallourec, a world leader in premium steel tubular solutions, announces that it has won orders for premium oil country tubular goods (OCTG) from Aramco. These orders total more than three hundred million dollars and supplement Vallourec’s recent successes in the region.
They cover the supply of proprietary steel grade casing and tubing for high-pressure environments, threaded with premium VAM® connections.
These orders are incremental to the volumes to be delivered under the company’s 10-year long-term agreement with Aramco. Vallourec will handle production at several of its plants, drawing on its global industrial footprint and full range of expertise. Deliveries will take place during 2024.
These orders speak to Vallourec's deep relationship with Aramco and our strong brand recognition in the Kingdom. The company has been present in Saudi Arabia for over 10 years and is growing its domestic presence to meet strong local demand. We look forward to further strengthening our relationship in the years ahead.
Philippe Guillemot
Group Chairman and Chief Executive Officer
