on VALLOUREC (EPA:VK)
Vallourec Secures Significant OCTG Contract in Qatar
On June 19, 2025, Vallourec, a leader in seamless tubular solutions, announced securing a substantial contract for Oil Country Tubular Goods (OCTG) in Qatar. This agreement, valued over $50 million, is set to bolster Vallourec's presence in Qatar, where its VAM® connections are extensively utilized by oil operators.
The contract includes supplying carbon steel OCTG products with premium connections, slated for delivery in 2026. This deal aligns with Qatar's strategic plans to boost oil and LNG production by 2030, aiming for a notable increase in drilling activities both onshore and offshore. These developments present lucrative opportunities for Vallourec, positioning the company as a key player in Qatar's energy sector.
Philippe Guillemot, Chairman and CEO of Vallourec, emphasized the company's longstanding role as a dependable supplier in Qatar, reaffirming Vallourec's strategic importance in future oil, gas, and CCUS projects in the region.
R. E.
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