Vallourec has secured a contract from Kuwait Oil Company (KOC) to supply oil country tubular goods (OCTG) for drilling operations.
The contract, with a potential revenue of more than $130m (鈧�114.33m), entails Vallourec providing carbon steel OCTG products equipped with high-torque flush premium connections and proprietary steel grades.
These products are scheduled for delivery in 2025 and 2026.
The contract aligns with Kuwait’s current strategy to boost its oil production to four million barrels per day by 2035 and follows KOC’s release of a tender in September 2024 for deep drilling applications.
Vallourec has a long-standing presence in Kuwait and has been a dependable supplier to KOC, creating tailored products for both its offshore and onshore projects, according to the company.
Vallourec group chairman and CEO Philippe Guillemot said: 鈥淰allourec is a strong partner of KOC, and this new order demonstrates our competitiveness and ability to reliably manufacture and deliver significant quantities of premium tubes and connections.
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In a similar development, Vallourec was awarded a contract to supply OCTG to Sonatrach, the Algerian national oil and gas company.
The agreement, confirmed earlier this month, will see Vallourec deliver carbon steel OCTG threaded with its premium VAM connections, a recognised standard in the Algerian market.
In addition to the Sonatrach contract, Vallourec also recently secured a deal with Allseas to supply line pipes for the B煤zios 10 offshore project in Brazil.
This contract involves nearly 18,000 tonnes (t) of subsea seamless premium carbon steel line pipes, with an optional scope of almost 5,000t.
