Vallourec Awarded a Major Contract by Kuwait Oil Company

Core Points - Vallourec has secured a major contract with Kuwait Oil Company (KOC) for the supply of Oil Country Tubular Goods (OCTG), representing over $130 million in potential revenue [2][4] - The contract includes the delivery of carbon steel OCTG products with premium connections and proprietary steel grades, scheduled for delivery in 2025 and 2026 [3] - Vallourec has a historical presence in Kuwait and has been a reliable supplier to KOC, supporting the company's plans to increase oil production to 4 million barrels per day by 2035 [4][5] Company Overview - Vallourec is a world leader in premium seamless tubular solutions for energy markets and demanding industrial applications, employing nearly 13,000 employees across more than 20 countries [5] - The company focuses on innovative, safe, competitive, and smart tubular solutions, catering to various sectors including oil & gas, power plants, and architectural projects [5] - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120 [6]