Vallourec wins TotalEnergies tubular-products contract for Azerbaijan gas field
+1 new source since this summary was written
Vallourec won a TotalEnergies contract to supply tubular products for the Absheron gas-field development in Azerbaijan. The package includes OCTG, premium connections, accessories and corrosion-resistant line pipe, with delivery support from Vallourec’s VAM Caspian unit. The field is designed to produce as much as 6 billion cubic metres of gas each year and 47,000 barrels per day of condensate.
Why it matters
The award gives Vallourec a supply role in a major Caspian gas project, while TotalEnergies gains access to the specified tubular equipment and local project support. Contract value and the direct financial effect on Vallourec were not disclosed.
Key facts
- 1Vallourec will provide approximately 159 kilometres of line pipe with anti-corrosion coating for onshore and offshore applications. tipranks.com
- 2The Absheron development is expected to produce up to 6 billion cubic meters of gas annually. investing.com
- 3The field is also planned to produce 47,000 barrels per day of condensate. investing.com
- 4The contract’s financial terms were not disclosed. seekingalpha.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.