Vallourec: signs 900 million dollar contract with ADNOC
(CercleFinance.com) - Vallourec has signed a contract worth 900 million dollar with Abu Dhabi National Oil Company (ADNOC).
This contract covers the supply of OCTG tubes for five years, coupled with a two-year extension clause.
Vallourec will also provide a wide range of services from the factory to wells.
The first deliveries are planned for the second half of 2020.
The group said that this is one of the biggest contracts that it has ever won on the international markets.
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