Wednesday, February 1, 2023

French manufacturer wants to be strategic supplier for Guyana projects, inks deal with Exxon

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French multinational manufacturing company Vallourec said Tuesday it has signed a 10-year frame agreement with ExxonMobil Guyana to supply line pipe products for its offshore operations in the new oil producing South American country.

The agreement enables long-term line pipe supply by defining contractual and commercial terms to support Exxon’s future oil and gas developments in this strategic basin where the U.S. oil major has already found approximately 10 billion barrels of oil equivalent.

Vallourec said it is positioning itself as strategic supplier of seamless tubes for future projects in Guyana to build subsea flowlines and risers. The company said its line pipe is manufactured to the tightest tolerance required for deep-water pipeline installations.

Vallourec is offering a wide variety of steel grades to address the needs of the most demanding offshore projects, including the X80 grade – for use in corrosive deep-water environments. This innovative steel, developed by Vallourec experts, offers excellent mechanical properties while ensuring good weldability and corrosion resistance.

“I am pleased that we have been awarded this important line pipe contract with ExxonMobil, our long-standing partner and customer. Guyana, like Brazil, is one of our sector’s flagship regions and, thanks to the decisions we have made and the competitiveness of our industrial routes, we are able to serve the region’s most important projects,” Edouard Guinotte, Chief Executive Officer of Vallourec, said.

Guinotte said the Vallourec project team has been able to present a tailor-made offer to Exxon that incorporates the best of its Research and Development and is thus ideally placed to provide optimum support for all future projects.

Vallourec will serve the needs of Exxon from its Brazilian base, comprising two competitive high-performance factories located in Jeceaba and Barreiro (Minas Gerais), benefiting from large production capacities enabling it to supply the important volumes required for future projects in Guyana.

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