A new order won in China
 
Vallourec has signed a contract with China NationalOffshore Oil Corporation (CNOOC).  

CNOOC is the largest offshore oil and gas producer in China and one of the largeststate-owned enterprises.

This order, mainly produced in China,covers 16,000 tons of OCTG tubular solutions intended for CNOOC's offshoreprojects in Tianjin, Shanghai, Shenzhen and Zhanjiang.

Vallourec will use one of the newproduction routes created in recent months under its Transformation Plan. Mostof the seamless carbon steel tubes will be produced by Tianda Oil Pipe (China),the new plant purchased by the Vallourec Group in 2016 in Chuzhou, China (Northof Shanghai), and all processes will be done for API casing in Tianda.

Additionally, VAM® connectionswill be produced in the Group's Changzhou plant (VAM® Changzhou) andthe 13CR casing pipes, in the French facilities. 

Pascal Braquehais,Managing Director Vallourec Northeast Asia, stated: "We are proudto have won this new contract, Vallourec and Tianda have learned to work witheach other since 2011 and are now forming one that makes us successful. Thanksto the efforts we have made in the recent months, as part of our TransformationPlan, we are the partner of choice to offer our customers competitive solutionsacross the range of OCTG products."

Sam Li, General ManagerVallourec Oil & Gas (China), added: "Our products' competitivenesscan meet the expectations of our customers and it is the key to our success.