VALLOUREC : Vallourec widens its premium offer for the offshore oil & gas market with the production of umbilicals' tubes
New Burgundy plant receives first order
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Boulogne-Billancourt, 24 September 2013 - Vallourec, world leader in premium
tubular solutions, announces the launch of a new offer for the offshore oil &
gas market: the production of welded stainless steel tubes to be fitted into
umbilicals. Although they do not transport any produced oil or gas,
umbilicals are a key component in a subsea installation. They are used to
connect the equipments on the seabed to a control station at the surface. Thanks
to an innovative manufacturing process, tubes for umbilicals produced at the new
Vallourec Umbilicals plant in Venarey-Les Laumes (CÃ´te-d'Or, France) offer
superior strength and mechanical properties compared to products currently
available on the market. Elaborated with TOTAL as Technical Sponsor, this new
product widens Vallourec's offer of premium solutions for offshore operations.
The continuous production process developed by Vallourec ("rolled and
longitudinally welded tubes") capitalizes on the knowhow acquired by the Group
in the production of long welded tubes. Â It allows for the production of tubes
of 10 to 30 km with a minimum number of butt welds, reducing "weak" points, and
an unmatched welding quality of the whole. Vallourec's tubes will be inserted in
the umbilicals alongside other components (electric cables, carbon rods, optical
fibers). They will carry utility fluids necessary for production operations.
Vallourec's tubes are thinner hence the umbilicals they will be integrated in
lighter and easier to install at sea. Their superior strength and mechanical
properties improve the overall resistance of umbilicals in operational
A new premium market
After having obtained its ISO 9001 and Bureau Veritas certifications, Vallourec
Umbilicals has become an approved supplier of TOTAL, and is currently in the
qualification process by its clients, the main umbilicals manufacturers. The
plant is already working on a prototype order; actual industrial ramp-up is
expected to take place in 2014.
Dominique Richardot, Managing Director of Vallourec's Pipe Project and SURF
(Subsea, Umbilicals, Risers, and Flowlines) activities, declared: "By offering a
product with unique characteristics to the market, we are positioning ourselves
to meet the growing demands of deepwater and ultra-deepwater offshore fields.
This new premium activity reinforces Vallourec's position on the subsea
construction market and our ability to provide integrated solutions."
This new product completes the range of integrated solutions offered by
Vallourec for subsea construction -which also includes line pipe, risers, and
welding services, and gives the Group access to a new, highly premium market.
 Made of small-diameter tubes, cables and/or optical fibers, umbilicals are
used for transporting fluids, supplying power, and transmitting information.
Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.
With over 23,000 employees, integrated manufacturing facilities, advanced R&D
and a presence in more than 20 countries, Vallourec offers its customers
innovative global solutions to meet the energy challenges of the 21st century.
Listed on the NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and
eligible for the Deferred Settlement System (SRD), Vallourec is included in the
following indices: MSCI World Index, Euronext 100 and CAC 40.
In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).
Parity between ADR and a Vallourec ordinary share has been set at 5:1.
For further information, please contact
Press relations Â Investor relations
Caroline Philips Etienne Bertrand
Tel: +33 (0)1 41 03 77 50 Tel: +33 (0)1 49 09 35 58
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