VAM Drilling acquires DPAL FZCO

VAM Drilling has acquired drillpipe supplier DPAL FZCO.

Offshore staff

BOULOGNE-BILLANCOURT, France -- VAM Drilling has acquired drillpipe supplier DPAL FZCO. The DPAL FZCO manufacturing facility in the Jebel Ali Free Zone, UAE has an annual production capacity of 25,000 joints.

The acquisition is subject to regulatory approval.

“The acquisition of DPAL FZCO is a perfect example of our strategy of targeted acquisitions to strengthen our position in growing markets, especially in high value-added segments of the oil industry such as drilling products,” says Philippe Crouzet, chairman of Vallourec’s management board. “It also provides us with an industrial foothold in the Middle East, close to our clients, in a region which is very important to us.”

10/01/2009

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