on VALLOUREC (EPA:VK)
Vallourec Secures Major Orders and Invests in New Technology
On May 20, 2026, Vallourec announced significant new line pipe orders from ExxonMobil Guyana Limited. These orders, made under a long-term agreement from 2021, enhance the collaboration between the two companies. The orders include over 145 km of line pipe for deepwater projects in Guyana's Stabroek Block, with 90 km featuring advanced insulation technology.
Vallourec will use ExxonMobil's Proxxima™ resin systems with GDLX™ subsea insulation. This technology improves thermal performance and reduces operational costs by facilitating faster pipe insulation turnaround times and enhanced cool-down periods. To further this collaboration, Vallourec is updating its Brazilian coating plant to support this new technology.
Philippe Guillemot, Vallourec's CEO, stated these contracts showcase Vallourec's strategic position as a key supplier and highlight the company's commitment to delivering innovative solutions and operational excellence.
R. H.
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