10
Sep
10:41
Vallourec gives details of major Abu Dhabi contract
French pipe maker Vallourec has disclosed details of its share of the major tubing contract awarded by the Abu Dhabi National Oil Company (ADNOC) to three tubemakers for the supply of tubing and casing (see Kallanish 22 August).
Vallourec’s share amounts to $900 million over a five-year period with a possible 2-year extension, the company says in a note. The total value of the contract awarded to Vallourec, Tenaris and Marubeni Corporation was AED 13.6 bil…
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