Vallourec: A strategic partnership for pipeline welding
Oil & gas, Welding solutions Serimax and Technip to enter
into a strategic partnership for pipeline welding.
Jan 11, 2016 + + + Serimax, a Vallourec subsidiary, a world
leader in offshore & onshore welding solutions, and Technip, a world
leader in project management, engineering and construction for the energy
industry, signed today an agreement in principle in order to achieve a
strategic partnership in the domain of pipeline welding. In this respect,
Technip, a long-lasting customer of Serimax, would acquire a minority
stake in Serimax.
Technip and Serimax will combine their expertise
and will deploy the Serimax welding technology at Technip’s spoolbases(1)
and S-lay(2) ?vessels.
This will allow both partners to:
»
offer high end competitive capabilities to address operators’ capital
investment constraints for future projects;
» invest in
joint R&D programs and innovative reel-lay welding solutions to meet the
growing technical challenges of projects;
» increase
operational performance through enhanced productivity, improved scheduling
and higher integration of the value chain.
This strategic
partnership, which is subject to regulatory approvals, will include
exclusive arrangements in the Reel-lay welding(3) pipeline segment as well
as research and development (R&D) related programs.
Serimax will
remain an independent service and technology provider, and will continue
to serve its clients in the offshore, onshore pipeline and fabrication
markets.
Frederic Castrec, Managing Director for Serimax commented:
“We are delighted Technip has the confidence in and has selected Serimax,
to further support their future project developments. It is a clear
recognition of Serimax’s capability. Together, we can combine our
respective areas of expertise to develop an integrated technical and
commercial solution.”
Hallvard Hasselknippe, President Subsea,
Technip commented: “Serimax is recognized for its experience in major
international line pipe projects, with a reputation for quality, service
and innovation and a strong commitment to R&D. Combining our domains of
expertise, we believe that Serimax’s deployment on our spoolbases and
S-lay vessels will enable us to offer to our clients a harmonized solution
with greater operational repeatability. This partnership is part of
Technip’s strategic focus on technology, a key differentiator to
contribute to costs optimization on projects.”
Didier Hornet,
Senior Vice President Eastern Hemisphere, who is responsible for
Vallourec's oil and gas strategy, said: “Technip and Serimax have a
longstanding relationship and this is a strategic move we have endorsed,
in keeping with optimizing on the strengths of the organizations. We are
confident that combining both company’s technologies will make a real
difference to the market and offers greater opportunities to think
differently about how we package solutions for clients. Delivering
solutions to the oil and gas market require companies that are agile and
capable of growing together to meet market expectations.”
Source: Vallourec
(1)A spoolbase is primarily used for
the fabrication and spooling of rigid pipe onto vessels with Reel-lay
capability. Technip owns and operates four rigid pipe spoolbase
?facilities located close to clients' deepwater developments.
(2)S-lay refers to a pipeline laying method for
which all assembly activity of the pipe is done onboard the vessel and
laid simultaneously offshore.
(3)Reel-lay refers to a pipeline laying method
for which the pipes are assembled in an onshore spoolbase and then spooled
onto reels on vessels or at quay side. The pipe is then unspooled from
reels during offshore activities.?
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