Vallourec, a company specialising in seamless tubular solutions, has secured two contracts to supply Oil Country Tubular Goods (OCTG) to support the drilling operations of CNOOC and PetroChina in Iraq. These contracts carry potential revenue of over US$130 million.
The contracts cover the supply of carbon steel and Super-13Cr steel OCTG products with VAM® premium connections. Deliveries are scheduled throughout 2025 and 2026 to support Iraq’s increasing drilling activities. The diversity of these projects highlights Vallourec’s unique ability to tailor its offering to the distinct technical requirements of both operators.
Iraq holds some of the world’s largest oil reserves with several super-giant oil fields that are increasingly being developed by international oil and gas companies. As a result, demand is rising for premium OCTG material that can meet the scale and technical complexity of ongoing and future projects.
Philippe Guillemot, Chairman of the Board of Directors and CEO of the Vallourec Group, commented: "These contracts come in the context of recent announcements from Iraq’s Ministry of Oil to increase the country’s oil production capacity from 4.1 million bpd in 2025 to 6 million bpd 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. 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."
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/08072025/vallourec-secures-two-octg-contracts-in-iraq-with-cnooc-and-with-petrochina/