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VALLOUREC WINS FIVE CONTRACTS FOR OCTG PRODUCTS IN INDONESIA
Globenewswire· 2026-03-25 06:00
Core Insights - Vallourec has secured five contracts for OCTG products in Indonesia, totaling approximately 36,000 tons to support Oil & Gas operations for around 140 wells [2][3]. Group 1: Contracts and Volume - The company signed two contracts in February 2026 for 14,000 tons of OCTG products, part of the total five contracts [2]. - The total volume of the contracts is approximately 36,000 tons of premium pipes and connections [2]. Group 2: Technical Challenges and Solutions - The projects are primarily located in deep offshore environments, highlighting the technical challenges of Indonesia's energy sector [3]. - Vallourec will supply advanced connections, including VAM 21, which is recognized for its safe and reliable performance under high pressures and extreme conditions [3]. Group 3: Local Production and Value - The pipes will be heat treated and threaded at Vallourec's subsidiary in Indonesia, maximizing local production and adding value to the country [4]. - The company's long-standing relationships with key oil & gas players in Indonesia are emphasized, showcasing market recognition of product quality [5].