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Serimax, a Vallourec subsidiary and a world leader in offshore and onshore welding solutions, and Technip, a world leader in project management, engineering and construction for the energy industry, have signed 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海角吃瓜网� spoolbases and S-lay vessels.

This will allow both partners to:

• Offer high end competitive capabilities to address operators海角吃瓜网� capital investment constraints for future projects.
• Invest in joint R&D programmes 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 pipeline segment as well as research and development (R&D) related programmes.

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: 海角吃瓜网淲e 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海角吃瓜网檚 capability. Together, we can combine our respective areas of expertise to develop an integrated technical and commercial solution.海角吃瓜网�

Hallvard Hasselknippe, President Subsea, Technip commented: 海角吃瓜网淪erimax is recognised 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海角吃瓜网檚 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海角吃瓜网檚 strategic focus on technology, a key differentiator to contribute to costs optimisation on projects.海角吃瓜网�

Didier Hornet, Senior Vice President Eastern Hemisphere, who is responsible for Vallourec's oil and gas strategy, said: 海角吃瓜网淭echnip and Serimax have a longstanding relationship and this is a strategic move we have endorsed, in keeping with optimising on the strengths of the organisations. We are confident that combining both company海角吃瓜网檚 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.海角吃瓜网�

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