Vallourec Secures Substantial Aramco Orders

Vallourec
VallourecImage Source: Vallourec

Synopsis:

Vallourec, a leading steel tubular solutions provider, confirms significant orders surpassing $300 million from Aramco. These orders, augmenting recent regional triumphs, encompass premium-grade casing and tubing tailored for high-pressure environments, bolstering the company's longstanding rapport with Aramco. With production across multiple plants, deliveries are slated for 2024, showcasing Vallourec's commitment to Saudi Arabia's burgeoning demand.

Article:

Vallourec, globally acclaimed for its top-tier steel tubular solutions, proudly announces a momentous achievement—a series of orders from Aramco valued at over three hundred million dollars. These orders mark a strategic addition to Vallourec's recent successes in the region, specifically involving premium oil country tubular goods (OCTG) tailored for Aramco's specialized requirements.

The scope of these orders encompasses the provision of proprietary steel grade casing and tubing meticulously designed for high-pressure environments, incorporating the prestigious VAM® connections renowned for their quality.

Highlighting the significance of these orders, they represent a noteworthy expansion beyond Vallourec's existing long-term agreement with Aramco. The company, leveraging its global industrial footprint and extensive expertise, will orchestrate production across various plants to meet the delivery timeline set for 2024.

These substantial orders underscore Vallourec's enduring alliance with Aramco and signify the company's robust reputation within the Kingdom of Saudi Arabia. With a decade-long presence in the region, Vallourec is actively augmenting its domestic footprint to cater to the burgeoning local demand. The company expresses eagerness towards fortifying its rapport with Aramco in the forthcoming years.

Philippe Guillemot, Group Chairman, and Chief Executive Officer, accentuates Vallourec's dedication to its association with Aramco and its commitment to meeting the evolving needs of the Saudi Arabian market.

Conclusion:

Vallourec's acquisition of substantial orders exceeding $300 million from Aramco underscores its prowess in delivering premium-grade steel tubular solutions. These orders, comprising specialized casing and tubing, signify an expansion beyond existing agreements, showcasing Vallourec's commitment to catering to Aramco's specialized requirements. With production across multiple plants, Vallourec stands poised to deliver on these commitments in 2024, cementing its enduring partnership with Aramco in Saudi Arabia's dynamic market.

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