Vallourec signs agreement for the supply of line pipes in Guyana
26 Octobre 2021 - 7:30AM
Vallourec signs
agreement for the supply of line
pipes in
Guyana
Boulogne-Billancourt (France),
October 26, 2021
– Vallourec today announces that it has signed a 10-year frame
agreement with Esso Exploration and Production Guyana Limited
(EEPGL) – an affiliate of ExxonMobil, one of the largest
international energy companies, to supply line pipe products in
Guyana.
The agreement enables long-term line pipe supply
by defining contractual and commercial terms to support EEPGL’s
future oil & gas developments in this strategic basin. EEPGL
operates the Stabroek Block (26,800 square kilometers), where
approximately 10 billion oil equivalent barrels have been
discovered since 2015.
Vallourec is positioning itself as strategic
supplier of seamless tubes for future projects in Guyana to build
subsea flowlines and risers. Vallourec line pipe is manufactured to
the tightest tolerance required for deep-water pipeline
installations.
Vallourec is offering a wide variety of steel
grades to address the needs of the most demanding offshore
projects, including the X80 grade - for use in corrosive deep-water
environments. This innovative steel, developed by Vallourec
experts, offers excellent mechanical properties while ensuring good
weldability and corrosion resistance.
Edouard Guinotte, Chief Executive Officer of
Vallourec, says: "I am pleased that we have been awarded this
important line pipe contract with ExxonMobil, our long-standing
partner and customer. Guyana, like Brazil, is one of our sector's
flagship regions and, thanks to the decisions we have made and the
competitiveness of our industrial routes, we are able to serve the
region's most important projects."
"I would like to thank ExxonMobil for their
trust and congratulate the entire Vallourec project team which has
been able to present a tailor-made offer that incorporates the best
of our Research & Development and is thus ideally placed to
provide optimum support for all future projects, without ever
losing sight of excellence in execution," Guinotte
concludes.
Vallourec will serve its customer from its
Brazilian base, comprising two competitive high-performance
factories located in Jeceaba and Barreiro (Minas Gerais),
benefiting from large production capacities enabling it to supply
the important volumes required by EEPGL for future projects in
Guyana.
About Vallourec
Vallourec is a world leader in premium tubular
solutions for the energy markets and for demanding industrial
applications such as oil & 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 open new technological frontiers.
With close to 17,000 dedicated and passionate employees in more
than 20 countries, Vallourec works hand-in-hand with its customers
to offer more than just tubes: Vallourec delivers innovative, safe,
competitive and smart tubular solutions, to make every project
possible.
Listed on Euronext in Paris (ISIN code:
FR0013506730, Ticker VK), Vallourec is part of the SBF 120 index
and is eligible for Deferred Settlement Service Long Only.
In the United States, Vallourec has established
a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN
code: US92023R4074, Ticker: VLOWY). Parity between ADR and a
Vallourec ordinary share has been set at 5:1.
For further information, please
contact:
Investor relations Jérôme
FribouletTel: +33 (0)1 49 09 39
77Investor.relations@vallourec.com |
Press
relations Héloïse Rothenbühler Tel: +33 (0)6 45 45 19
67 heloise.rothenbuhler@vallourec.com |
Individual
shareholdersToll Free Number (from France): 0 805 65 10 10
actionnaires@vallourec.com |
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- PR_Guyana Exxon_26102021_EN
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