Major North Sea Operator Renews Vallourec's Contract
Vallourec has renewed a multi-year contract with a major North Sea operator for supplying oil country tubular goods (OCTG), accessories, and integrated services. The French tubular solutions provider is responsible for logistics, maintenance, storage, and repair to minimize downtime and operating costs.
The company also deploys digital solutions such as TallyVision, a traceability tool aimed at enhancing transparency and operational efficiency. Although the project specifics and client name remain undisclosed, Vallourec confirmed it is a significant operator in the UK North Sea.
Recently, Vallourec secured another contract with TechnipFMC to supply line pipes for a deepwater project offshore Brazil, operated by Shell. Earlier, in September, Vallourec signed a long-term agreement with Petrobras, the Brazilian oil and gas giant, for OCTG supply, with potential revenues reaching $1 billion.
"Vallourec said it was in charge of providing logistics, maintenance, storage, and repair in order to reduce downtime and operating costs, as well as the deployment of digital solutions, including TallyVision, a traceability tool designed to increase transparency and operational efficiency."
"This came after the French firm in mid-September announced that it had signed a long-term agreement with Brazilian oil & gas giant Petrobras for the supply of OCTG that could generate total revenue of up to $1 billion."
Vallourec continues to strengthen its position at the heart of offshore energy by expanding partnerships with key global operators.
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