Breaking News

Japan Unexpectedly Targets Bigger Expansion of Monetary Base; Yen Drops; Nikkei 225 Surges
Tweet TWEET

VALLOUREC: Vallourec widens its premium offer for the offshore oil & gas market with the production of umbilicals' tubes

   VALLOUREC: Vallourec widens its premium offer for the offshore oil & gas
               market with the production of umbilicals' tubes

Vallourec widens its premium offer for the offshoreoil & gas market with  the 
production of umbilicals' tubes

New Burgundy plant receives first order

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^[1]. 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  (Côte-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.



Unequalled performances

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. 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 conditions.



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.

About Vallourec

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.







www.vallourec.com



For further information, please contact
Press relations                Investor relations

Caroline Philips                Etienne Bertrand

Tel: +33 (0)1 41 03 77 50       Tel: +33 (0)1 49 09 35 58

caroline.philips@vallourec.fr   etienne.bertrand@vallourec.fr










-------------------------

[1] Made of small-diameter tubes, cables and/or optical fibers, umbilicals are
used for transporting fluids, supplying power, and transmitting information.

130924_Press release Vallourec Umbilicals_ENG

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: VALLOUREC via Thomson Reuters ONE
HUG#1730986
 
Press spacebar to pause and continue. Press esc to stop.