Monday, February 6, 2023

French manufacturer secures line-pipe order for Exxon’s Uaru project

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Vallourec announced Wednesday that it secured a major line-pipe order for ExxonMobil Guyana’s Uaru project.

The Uaru project will be situated in the Stabroek Block, a 26,800 km2 strategic acreage located off Guyana’s continental shelf. The development is targeting approximately 1.3 billion oil-equivalent barrels, the largest project expected offshore Guyana. First oil is scheduled for 2026.

The French multinational group, Vallourec, said it will deliver 35,000 metric tons of line-pipe, including 2,000 metric tons of X80, an innovative and unique material developed and qualified by its experts. The X80 combines high strength with resistance to service conditions, making it a key enabler for future deeper-water developments.

Vallourec said the Uaru order strengthens its strategic supplier relationship with ExxonMobil Guyana. Approximately 90,000 metric tons (or 520 km of line pipe) were booked in December 2021 for the Yellowtail and Gas-to-Energy Projects.

The company in a press release noted that it will serve ExxonMobil Guyana from its state-of-the-art Jeceaba (Minas Gerais, Brazil) factory.

Chairman and Chief Executive Officer (CEO) of Vallourec, Philippe Guillemot, commented that the line-pipe order represents the third under the 10-year frame agreement signed last year with ExxonMobil Guyana.

“Our new grade X80 has been qualified by ExxonMobil and will be field-proven with this order, demonstrating Vallourec’s ability to deliver solutions to the industry that are both technology and efficiency enablers,” the CEO stated.

Guillemot said too that this is a new milestone in Vallourec’s long history with ExxonMobil. He expressed appreciation for the oil giant’s demonstration of confidence in its services.

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