Vallourec, the France based giant in tubular solutions for the energy market, is shutting down its Nigerian operations.
The downturn in oilfield activity in the country has determined that the company should leave.
“There are no new contracts to sustain the business”, multiple sources tell Africa Oil+Gas Report.
Vallourec commissioned its first African industrial facilities in Nigeria in 2009, and the Group has been developing its industrial and commercial operations across the continent since then, such that it now has a presence in five African countries.
“Different components (f the factory) will be sold or dismantled and shipped out”, the sources say, adding that a firm decision on evacuation had not been taken.
Unlike Nigeria, there are no factories in the three other countries: Egypt, Angola and Angola, and the company, for now.
Vallourec offers seamless tubes and premium connections for OCTG, line pipes, tubes for petrochemical facilities as well as a wide range of services, from tubular yard management enhanced with digital technologies to welding with Serimax or oilfield operations support with the VAM ® Field Services’ team throughout the continent where our customers are present.