Vallourec's business activities in the Middle East are mostly centered around the oil and gas sector (OCTG tubes, VAM® connections, line pipes, drill pipes and accessories, and petrochemicals). The Group also operates in the fields of power generation and industry.Vallourec has expanded its presence in the region through the acquisition of two companies specialized in the manufacture of drill pipes and accessories in the United Arab Emirates in 2009 and 2010.
In 2011, thanks to the acquisition and then the modernization of Vallourec Saudi Arabia (previously Zamil Pipes) in Saudi Arabia, Vallourec became the first OCTG market leader to have a premium finishing unit in the area, making it possible to supply the world's biggest oil company, Saudi Aramco, which is owned by the kingdom of Saudi Arabia.
Also in 2011, Vallourec opened Vallourec Middle East, a new sales platform in Jebel Ali (35 kilometers, or 22 miles, from Dubai). This hub provides local tailor-made logistics support services, part of the range of services offered by VAM Global Solutions in particular.
Amongst its most significant new achievements, Vallourec notably registered significant orders of OCTG products from Saudi Arabia.
With 48% of world oil reserves and 43% of world gas reserves, the Middle East is the biggest premium OCTG market in the world.
The region is well known for its production of onshore oil and gas, but it is also very active in the offshore segment, from shallow to very deep operations.
Saudi Aramco, Abu Dhabi National Oil Company (ADNOC), Abu Dhabi Marine Operating Company (ADMA-OPCO), Kuwait Oil Company (KOC).
Al Qahtani (Saudi Arabia), ADOS (UAE), Bahwan (Oman), Al Fahad (Kuwait).
Qualification of the SSPF finishing unit, including a heat treatment unit, a premium threading unit, and a sleeve manufacturing unit. Opening of a new drill pipe coating unit in Abu Dhabi.
Opening of V & M Middle East FZE, a sales platform in Jebel Ali.Acquisition of SSPF (previously Zamil Pipes) in Dammam and beginning of investments in a new premium threading line.
Acquisition of VAM
Drilling Protools Oil Equipment Manufacturing (previously Protools) in Abu Dhabi, the biggest manufacturer
of drilling accessories in the Middle-East
Acquisition of VAM Drilling Middle East FZE (previously DPAL FZCO), specialized in drilling products and services, based in Jebel Ali (near to Dubai).
Vallourec opens its first sales offices in the region.