Vallourec, a world leader in premium seamless tubular solutions, announces that it has secured a major contract to supply Oil Country Tubular Goods (OCTG) for the drilling operations of Kuwait Oil Company (KOC).
This new contract represents over $130 million in potential revenue.
This agreement includes the supply of carbon steel OCTG products with premium connections and proprietary steel grades, to be delivered in 2025 and 2026. Vallourec has been selected to supply the most technically advanced part of the tender in terms of grades and connections, including some of its high-torque flush premium connections.
Vallourec has a historical presence in Kuwait and has been a reliable supplier to KOC, developing specific products for both its offshore and onshore projects. This contract comes in the context of Kuwait’s current plan to increase its oil production to 4 million barrels per day in 2035 and follows KOC’s issuance of a tender in September 2024 for deep drilling applications.
Philippe Guillemot, Group’s Chairman and CEO declared: “Vallourec is a strong partner of KOC, and this new order demonstrates our competitiveness and ability to reliably manufacture and deliver significant quantities of premium tubes and connections. We are eager to support KOC’s upcoming needs and challenging new projects with our most technically-advanced products.”
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