Vallourec, a world leader in premium seamless tubular solutions headquartered in Meudon, France, announced on October 12, 2026, that it has been awarded a major contract by TotalEnergies to supply tubular solutions for the development of the Absheron gas field in Azerbaijan. The contract covers both Oil Country Tubular Goods (OCTG) and line pipe solutions, representing more than 16,000 tons of tubular products in total.

Scope of Supply: Premium OCTG with VAM Connections

For the OCTG scope, Vallourec will supply premium pipes equipped with VAM premium connections, including VAM SLIJ-3, the company's latest generation semi-flush premium connection designed for the most demanding offshore environments.

The package also includes a range of accessories manufactured across the Group's global facilities, as well as CLEANWELL, Vallourec's dope-free solution, which the company says enhances operational efficiency while reducing environmental impact.

Line Pipe Deliveries Onshore and Offshore

The line pipe scope comprises approximately 159 kilometers of line pipe delivered with an anti-corrosion coating for both onshore and offshore applications.

Local Presence in the Caspian Region

Through its local entity VAM Caspian, Vallourec is also ready to support TotalEnergies in its various operations throughout the project. The company states that this demonstrates its ability to combine global expertise with proximity to customers in the Caspian region.

The Absheron Field Development

The Absheron field is located in the Azerbaijani sector of the Caspian Sea, approximately 100 kilometers southeast of Baku, in around 500 meters of water. The field is being developed to produce up to 6 billion cubic meters per annum (BCMA) of gas and 47,000 barrels per day of condensate.

According to the announcement, the gas will be both supplied to the domestic market in Azerbaijan and exported, supporting the country's energy needs and strengthening regional energy security.

Significance of the Award

Vallourec says the award reflects the strength of its technical and commercial offering, as well as the Group's ability to meet the project's demanding delivery schedule.

By combining premium OCTG solutions, line pipes, accessories, dope-free technology and local support, Vallourec is positioned as a key supplier for this major gas development.

Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer, commented: "We are pleased to have been selected by TotalEnergies for the Absheron project. This award demonstrates the confidence our customers place in Vallourec's ability to deliver comprehensive premium tubular solutions for both OCTG and line pipe for complex energy projects. It also highlights the strength of our global industrial footprint, our value-added technologies and local capabilities in the Caspian region to support the growing demand for gas in Azerbaijan and across the region."

About Vallourec

Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil and gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment.

The Group employs close to 13,000 people in more than 20 countries. Vallourec is listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK) and is part of the CAC Mid 60, SBF 120 and Next 150 indices.

It is eligible for Deferred Settlement Service and operates a sponsored Level 1 American Depositary Receipt program in the United States (ISIN code: US92023R4074, Ticker: VLOWY), with parity between the ADR and a Vallourec ordinary share set at 5:1.

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