VALLOUREC SECURES ADDITIONAL VOLUMES FOR TOTALENERGIES' GAS EXPANSION PROJECT IN IRAQ

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Nov 06 2025

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Source: Yahoo Finance

Vallourec's Award: Vallourec has been awarded a contract by TotalEnergies to supply casing, tubing, and accessories for drilling 48 wells as part of the Associated Gas Upstream Project 2 (AGUP2) in Iraq, aimed at increasing oil and gas production while reducing flaring.
Gas Growth Integrated Project: The Gas Growth Integrated Project (GGIP) includes multiple initiatives to enhance Iraq's natural resources, such as recovering flared gas for power plants, redeveloping the Ratawi oil field, and constructing a solar farm and seawater treatment plant.
Previous Contributions: Vallourec previously supplied around 15,000 tonnes of casing and tubing for the first 30 wells and will now deliver over 30,000 tons of premium tubular solutions for the new phase of the project.
Commitment to Partnership: Vallourec's CEO emphasized the company's commitment to supporting TotalEnergies and highlighted the strength of their long-standing partnership in delivering high-performance tubular solutions.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.