Vallourec Expands OCTG Partnership with Saudi Aramco
French tubular solutions provider Vallourec has strengthened its long-standing partnership with Saudi Aramco, signing an agreement to supply Oil Country Tubular Goods (OCTG) to the state-owned oil company. The deal, signed during the French-Saudi Investment Roundtable Meeting in Paris, is intended to boost commercial, industrial, and technological cooperation between the two companies.
Vallourec has worked with Aramco since 1962, when they first partnered on the supply of VAM connections for OCTG pipes. The company expanded its presence in Saudi Arabia in 2011 by establishing Vallourec Saudi Arabia (VSA) and opening an industrial facility in Dammam that can perform pipe heat treatment and threading of premium VAM connections.
The latest agreement builds on a long-term deal signed in 2022 for the supply of locally manufactured premium OCTG pipes to Aramco. Vallourec is also investing in research and development and expanding its Saudi production capabilities, including local manufacturing of products required for new developments aimed at unlocking the Kingdom's unconventional hydrocarbon resources.
Vallourec Chairman and CEO Philippe Guillemot said the agreement reflects 'the mutual trust between our two leading industrial groups and further strengthens our ties.'