VALLOUREC AWARDED FURTHER VOLUMES FOR TOTALENERGIES’ GAS GROWTH INTEGRATED PROJECT IN IRAQ

Core Insights - Vallourec has been awarded a second contract by TotalEnergies to supply tubular solutions for the drilling of 48 wells as part of the Associated Gas Upstream Project 2 (AGUP2) in Iraq, which is a key component of the Gas Growth Integrated Project (GGIP) [1][2] - The AGUP2 project aims to enhance oil production capacity to 210,000 barrels per day and gas production to 154 million standard cubic feet per day while reducing routine flaring and supporting Iraq's low-carbon energy transition [1][2] - Vallourec will deliver over 30,000 tons of premium tubular solutions for this new phase, including approximately 3,000 tons of anti-corrosion coated Premium Line Pipe products [3] Company Overview - Vallourec is recognized as a global leader in premium tubular solutions, catering to energy markets and demanding industrial applications, including oil and gas wells and new generation power plants [4] - The company employs nearly 13,000 individuals across more than 20 countries, focusing on delivering innovative and competitive tubular solutions [4] Financial and Market Information - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60, SBF 120, and Next 150 [5] - The company has established a sponsored Level 1 American Depositary Receipt (ADR) program in the United States, with a parity set at 5:1 between ADR and ordinary shares [5]