Vallourec Secures $130 Million Deal with Kuwait Oil Company
- 28-Apr-2025 10:45 PM
- Journalist: Joseph Dennie
Vallourec, a global leader in premium seamless tubular solutions, has been awarded a major contract valued at over $130 million by Kuwait Oil Company (KOC). The agreement, set to span across 2025 and 2026, will see Vallourec supply Oil Country Tubular Goods (OCTG) for KOC鈥檚 drilling operations. This contract highlights Vallourec鈥檚 strength in delivering high-quality products designed for the most demanding oil and gas projects.
Under the terms of the deal, Vallourec will provide KOC with carbon steel OCTG products featuring premium connections and proprietary steel grades. Notably, the agreement includes Vallourec鈥檚 high-torque flush premium connections, known for their technical sophistication and reliability in deep drilling applications. This makes Vallourec the supplier of choice for the most advanced part of KOC鈥檚 recent tender, emphasizing the company鈥檚 reputation for excellence in the field.
Vallourec has a long-standing presence in Kuwait, having supported KOC for many years with products tailored to both offshore and onshore projects. This new contract is a direct result of KOC鈥檚 plans to ramp up oil production to 4 million barrels per day by 2035, which includes expanding the scale and complexity of its drilling operations. The deal follows KOC鈥檚 tender issuance in September 2024, which sought specialized equipment for deep drilling initiatives.
Philippe Guillemot, Chairman and CEO of Vallourec, expressed confidence in the company鈥檚 ability to meet KOC鈥檚 growing needs. 鈥淰allourec is a trusted partner of KOC, and this new order highlights both our competitive edge and our ability to consistently deliver high volumes of premium tubes and connections,鈥 he said. 鈥淲e are excited to continue supporting KOC with our most advanced products and look forward to collaborating on future projects.鈥
This contract not only strengthens Vallourec鈥檚 foothold in Kuwait but also reflects the company鈥檚 ongoing commitment to the oil and gas sector. As Kuwait pursues its ambitious oil production goals, Vallourec is well-positioned to provide the cutting-edge solutions necessary for the success of KOC鈥檚 drilling operations, reinforcing its role as a key player in the energy industry.
Vallourec is a global leader in premium seamless tubular solutions, serving the energy sector and demanding industrial applications such as oil and gas wells in extreme environments, advanced power plants, complex architectural projects, and high-performance mechanical equipment. Driven by a pioneering spirit and cutting-edge research and development, Vallourec continually pushes the boundaries of technology. With nearly 13,000 dedicated employees across more than 20 countries, Vallourec collaborates closely with its customers to provide more than just tubes. The company delivers innovative, safe, competitive, and intelligent tubular solutions, making even the most ambitious projects a reality.