ARMATURY Group has won a major contract in the field of oil extraction and distribution. A three-year framework contract for the supply of valves for the largest state oil company of the United Arab Emirates – Abu Dhabi National Oil Company (ADNOC) – was concluded at the end of February 2020. ARMATURY Group will produce 3,000 valves for oil wells in the Middle East.
“This year we will deliver 1,600 valves to ADNOC with a total value of more than 100 million Czech crowns. We are supposed to produce about 2700 pieces of valves for this project. A significant part of the order consists of ball valves, which are specific in their parameters, namely the required pressure and material. Most ball valves are Class 1500 (250 bar) and 2500 (420 bar) of material coated with exotic high nickel stainless steel (Inconel 625, Inconel 825). The first pieces should be dispatched at the beginning of the second half of this year,” says Mr Petr Bolík, Sales Director of Western Territory.
For the same end-user, the company also received other orders for another project. In this case, the contract is for the supply of valves for an EPC contractor from Abu Dhabi, who concluded a framework contract with ADNOC to set up about 100 oil wells. ARMATURY Group has already concluded orders to supply valves for 24 of them and currently negotiates about valves for the remaining oil wells.