Press release
Vallourec wins a major order from TotalEnergies in Angola
Meudon, 10 July 2024 - Following a call for tender, Vallourec, a world leader in
premium tubular solutions, announces that it has been awarded a contract by
TotalEnergies to supply almost 5,000 tonnes of OCTG solutions and associated
services for the Kaminho deepwater project on Block 20, 100 km off the coast of
Angola.
On this project, Vallourec will supply its world-renowned range of VAM(®
)connections and use CLEANWELL(®), its more environmentally-friendly, dope-free
solution. The Group will also provide its offshore expertise via VAM(®) Field
Service as well as its Tubular Management Services (TMS) offering, which
involves managing the inspection and preparation of tubes before they leave for
the drilling platform, and on their return to the storage area.
The products will be manufactured at Vallourec plants in France, Brazil, and
Indonesia, taking advantage of the Group's strategic premium production hubs.
More broadly in Africa, Vallourec is supporting its customer with a complete
range of premium products and services, including its CLEANWELL(®) solution in
Nigeria, Gabon, Congo, and Mozambique.
The Group has also worked with TotalEnergies in its exploration and appraisal
campaigns, such as in Namibia, a region with strong development potential, where
the Group has already supplied almost 5,000 tonnes of tubes and connections.
Philippe Guillemot, Chairman of the Board of Directors and Chief Executive
Officer, commented: "We are proud to support TotalEnergies in its developments
and exploration projects. I would like to thank the Vallourec teams for their
commitment."
About Vallourec
Vallourec is a world leader in premium tubular solutions for the energy markets
and for demanding industrial applications such as oil & gas wells in harsh
environments, challenging architectural projects, and high-performance
mechanical equipment. Vallourec's pioneering spirit and cutting-edge R&D open
new technological frontiers. With close to 15,000 dedicated and passionate
employees in more than 20 countries, Vallourec works hand-in-hand with its
customers to offer more than just tubes: Vallourec delivers innovative, safe,
competitive and smart tubular solutions, to make every project possible.
Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is
part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for
Deferred Settlement Service.
In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY).
Parity between ADR and a Vallourec ordinary share has been set at 5:1.
For further information, please contact:
Investor Relations Press relations
Connor Lynagh Héloïse Rothenbühler
Tel: +1 (713) 409-7842 Tel.: +33 (0)6 45 45 19 67
connor.lynagh@vallourec.com heloise.rothenbuhler@vallourec.com
(mailto:connor.lynagh@vallourec.com) (mailto:heloise.rothenbuhler@valloure
c.com)
Individual shareholder relations
Toll-free number: 0 805 65 10 10
actionnaires@vallourec.com
(mailto:actionnaires@vallourec.com)Â