Vallourec (VLOWY) Extends Tubular Supply Contract With ADNOC [Yahoo! Finance]
Archrock, Inc. (AROC)
Last archrock, inc. earnings: 2/19 07:16 pm
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Source: Yahoo! Finance
Oil Company (“ADNOC”). The contract, originally signed in 2019, was valued at $900 million. The extension will be effective from January 2025 and last until 2027. Per the terms of the agreement, VLOWY will continue to supply the full range of tubes and connections to ADNOC. These tubes will support both conventional and complex applications in ADNOC's onshore and offshore fields. The contract has been amended to expand the scope of supply and add new terms. It includes additional services such as local pipe coating and Vallourec's new digital solutions (such as Tallyvision) implementation. VLOWY's digital solutions allow for full traceability of each tube used, thereby streamlining the installation process. In addition to the extension, Vallourec has secured a new order from the UAE oil giant to supply 27,000 tons of tubes. The tubes will be produced at VLOWY's plants in France, Brazil, China and Indonesia, with deliveries starting at the end of 2024. Vallourec emphasized that
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AROC
Earnings
- 7/30/24 - Miss
AROC
Sec Filings
- 8/30/24 - Form 8-K
- 8/28/24 - Form 8-K
- 8/27/24 - Form 8-K
- AROC's page on the SEC website