Premium tubular solutions provider Vallourec has won two significant contracts to supply Oil Country Tubular Goods (OCTG) to CNOOC and PetroChina for their drilling operations in Iraq.
These agreements, valued at more than $130m, will provide a range of carbon steel and Super-13Cr steel OCTG products equipped with VAM premium connections.
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The deliveries of the products are set across 2025 and 2026 to back the rising drilling activities in Iraq, a country with some of the largest oil reserves in the world.
Iraq is facing increasing premium OCTG material requirements, which will help to meet the scale and technical intricacies for current and future projects.
Vallourec’s ability to customise its offerings to meet the specific technical needs of both operators is a testament to its versatility in the sector.
Vallourec Group CEO Philippe Guillemot said: “These contracts come in the context of recent announcements from Iraq’s Ministry of Oil to increase the country’s oil production capacity from 4.1mbpd [million barrels per day] in 2025 to 6mbpd in 2029. With these awards, CNOOC and PetroChina have acknowledged Vallourec’s competitiveness and ability to supply significant quantities of premium material in a short time frame.
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By GlobalData“VAM connections are more than ever praised by operators in Iraq and across the Middle East for their robustness and ease of use, which supports the choice of VAM as a standard for their operations.”
These contracts in Iraq follow Vallourec’s recent success in securing a substantial contract in Qatar last month, which also included the supply of carbon steel OCTG products with premium connections, set for delivery in 2026.
Earlier this year, Vallourec also obtained a contract from Kuwait Oil Company (KOC) to supply OCTG for drilling operations.
