French Tubular Solutions Provider Vallourec Secures Major Contract in Qatar

Vallourec, a leading provider of tubular solutions, has recently announced a significant contract for the supply of oil country tubular goods (OCTG) in Qatar. With a value exceeding $50 million, this contract underscores Vallourec’s strong presence in the region.

The agreement entails the delivery of carbon steel OCTG products with premium connections to support Qatar’s growing drilling activities both onshore and offshore. Philippe Guillemot, Chairman of the Board of Directors and CEO of Vallourec Group, emphasized the company’s longstanding relationship with operators in Qatar and its commitment to providing high-quality products for key projects in the country.

Guillemot stated, “Vallourec will remain a key strategic partner in oil, gas, or carbon capture, utilization, and storage (CCUS) projects in Qatar for the coming years.”

This contract follows Vallourec’s recent acquisition of Thermotite do Brasil, a thermal insulation pipe coating services provider for the offshore oil and gas industry. The acquisition, valued at $17.5 million, further strengthens Vallourec’s presence in Brazil, a crucial market for offshore operations.

With approvals from regulatory authorities secured, Vallourec is poised to enhance its offerings and provide integrated solutions with high added value to customers in Brazil and beyond.

In addition to the Qatar contract, Vallourec has recently secured agreements with other key players in the industry, including Algeria’s Sonatrach, Allseas, and Kuwait Oil Company (KOC). These contracts highlight Vallourec’s expertise and capabilities in delivering top-quality OCTG and line pipe solutions for various drilling operations worldwide.