VALLOUREC : Vallourec signs contract with BAPETCO, a Shell JV in Egypt
21 Septembre 2017 - 8:35AM
Vallourec signs contract with BAPETCO, a
Shell JV in Egypt
Boulogne-Billancourt, 21 September 2017 -
Vallourec, world leader in premium tubular solutions, has signed a
contract with Badr El Din Petroleum Company (BAPETCO), a joint
venture between Shell and the Egyptian General Petroleum
Corporation. This agreement concerns the supply of tubular
solutions (OCTG) for 60 to 70 gas wells of an onshore project in
the Western Desert of Egypt.
Vallourec will use one of the new production
routes created in recent months under its Transformation Plan. Most
of the seamless carbon steel tubes will be produced by Tianda, the
new plant purchased by the Vallourec Group in 2016 in Chuzhou,
China (North of Shanghai), while the premium VAM TOP® threading
will be made at Vallourec's Chinese threading plant in
Changzhou.
Additionally, premium tubes made from
corrosion-resistant material such as 13%Cr and Super 13%Cr
proprietary grades will be produced at Vallourec's European plants
in France and Germany.
According to Didier Hornet, SVP of Vallourec's
Development and Innovation Department "Our local presence, through
Vallourec's Egyptian office, has in recent years been key to
understanding our customers' expectations. We are proud to have won
this new contract in a market as competitive as Egypt. Thanks to
the efforts we made in the recent months, as part of our
Transformation Plan, we are fully able to offer our customers
competitive solutions across the range of OCTG products".
About VallourecVallourec is a world
leader in premium tubular solutions for the energy markets and for
demanding industrial applications such as oil and gas wells in
harsh environments, new generation power plants, challenging
architectural projects, and high-performance mechanical equipment.
Vallourec's pioneering spirit and cutting-edge R&D continually
open new technological frontiers. Operating in more than 20
countries, its 19,000 dedicated and passionate employees work
hand-in-hand with their customers to offer more than just tubes:
they deliver innovative, safe, competitive and smart tubular
solutions, to make every project possible. Listed on the Euronext
in Paris (ISIN code: FR0000120354, Ticker VK) and eligible for the
Deferred Settlement Service (SRD), Vallourec is included in the
following indices: SBF 120 and Next 150. In the United States,
Vallourec has established a sponsored Level 1 American Depositary
Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The
parity between the ADR and the ordinary Vallourec share is 5 for
1.
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For more information, please contact:
Investor relations
Alexandra FichelsonGuilherme CamaraTel: +33 (0)1 49 09 39
76Investor.relations@vallourec.com |
Press relations
Héloïse Rothenbühler Tel: +33 (0)1 41 03 77 50 / +33 (0)6 45 45 19
67heloise.rothenbuhler@vallourec.com |
Individual shareholdersToll Free Number (from France): 0 800
505 110 actionnaires@vallourec.com |
|
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