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

New Burgundy plant receives first order

(Scroll down at the end of the press release for photos)

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 

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 

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.

In images:

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

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.


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

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130924_Press release Vallourec Umbilicals_ENG pdf
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Source: VALLOUREC via Thomson Reuters ONE
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