Vallourec Secures a Large Octg Contract in Qatar

Core Insights - Vallourec has secured a significant contract worth over $50 million to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar, with deliveries scheduled for 2026 [1][2] - The contract aligns with Qatar's plans to increase oil production by 19% and liquefied natural gas (LNG) production by 85% by 2030, necessitating additional drilling and infrastructure development [2][3] - Vallourec has a long-standing presence in Qatar and aims to remain a key strategic partner in various energy projects, including oil, gas, and carbon capture initiatives [3] Company Overview - Vallourec is a global leader in premium seamless tubular solutions, catering to energy markets and demanding industrial applications [3] - The company employs nearly 13,000 people across more than 20 countries, focusing on innovative and competitive tubular solutions [3][4] - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120 [4]