Vallourec : supplies an important order of OCTG and Line Pipe for the Stampede deepwater project in the Gulf of Mexico, confirming its expertise with premium solutions

Vallourec supplies an important order of OCTG and Line Pipe for the Stampede deepwater project in the Gulf of Mexico, confirming its expertise with premium solutions

Boulogne-Billancourt, 23 September 2015

Vallourec, world leader in premium tubular solutions, delivers 14,000 tons of premium tubes in the scope of a contract with Hess Corporation for the Stampede project in the US Gulf of Mexico. Stampede is a deepwater subsea development which is located in the Green Canyon Block area, approximately 115 miles south of Fourchon, Louisiana.

Vallourec is providing over 5,000 tons in various sizes of oil country tubular goods (OCTG) for the critical deepwater development wells, including high performance premium grades from Europe and Ohio. Over the life of project the majority of the pipes will be threaded at VAM USA, Houston, TX, with VAM®SLIJII(TM) and VAM® HP(TM) for a total of over 12,000 premium connections.

Vallourec's contract also covers 9,000 tons of seamless steel line pipe for flowlines and steel catenary riser (SCR). They will be installed in water depth of approximately 3,500ft (over 1,000 meters).  Amongst the scope of products and services, Vallourec will provide SCR pipes with very tight pipe end tolerances and optimal welding characteristics, key features to reduce both the cost and risk of project execution.  

Thanks to its expertise and track record, Vallourec continues to be a leader for the most complex offshore projects around the world.

About  Vallourec

Vallourec is the world leader in premium tubular solutions used mainly in energy markets as well as in other industrial applications.

With over 23,000 employees, integrated production units, cutting-edge R&D and a presence in more than 20 countries, Vallourec offers its clients innovative and comprehensive solutions adapted to the energy challenges of the 21st century.

Quoted on Euronext in Paris (ISIN code: FR0000120354, Ticker: VK) and eligible for the Deferred Settlement System (DSS), Vallourec is included in the following indices: the Euronext 100 and the SBF 120.

In the US, Vallourec has set up a level-1 sponsored American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The parity ratio between the ADR and the Vallourec ordinary share is 5:1.

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