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Last updated : 16/10/2026 - 17h08
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Vallourec details Cleanwell, its grease-free coating for well tubing

On October 15, 2026, Vallourec published a detailed presentation of CLEANWELL, its dry coating designed to replace greases used on connections for oil and gas well tubing. This is not a launch: the group is providing an update on a product line developed since the early 2000s, highlighting time savings on drilling platforms, operator safety, and regulatory compliance.


Vallourec details Cleanwell, its grease-free coating for well tubing

A dry coating applied at the factory in place of threading greases

According to the press release, CLEANWELL is based on a multilayer system incorporating a dry lubricating film. This coating is applied at the factory on VAM premium connections for well tubing (OCTG), as an alternative to storage and threading greases. The tubes thus arrive on the drilling platform practically ready for use, without the step of removing storage grease to apply threading grease.

Vallourec cites a reduction in installation time of up to 30% compared to traditional lubricants, as well as a storage duration of up to three years or more. The most recent version, launched in 2019, is qualified according to API RP5 C5:2017 CAL-IV and ISO 13679:2019 CAL-IV protocols.

The group also emphasizes safety and environmental arguments. It states that many greases still in use contain carcinogenic, mutagenic, or reproductive toxic (CMR) substances, and that their application on site increases operator exposure in the "red zone" near the tubes. According to Vallourec, eliminating grease also reduces the risks of slips on the drilling floor and water-intensive cleaning operations.

Norway, Middle East, Gulf of Mexico: cited deployments

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The press release details several references. For a North Sea operator, Norwegian regulations, which require the elimination of discharges, constituted the primary adoption factor: more than 14,000 CLEANWELL connections have been delivered to Norway since the first descent of tubes equipped with the latest generation.

In the Middle East, the solution was used on more than 2,000 connections, equivalent to 24 km, on onshore and offshore fields, for well architectures some of which exceeded 6,000 m. In 2025, the first VAM SLIJ-3 connection equipped with CLEANWELL was descended for an American operator in the Gulf of Mexico, under high pressure and high temperature conditions: 397 connections, representing more than 15,000 feet, presented by the group as the solution's first success in the region.

On the industrial side, Vallourec states that it has deployed CLEANWELL capacities across multiple sites in order to meet what it describes as the "growing demand" from its customers and serve them in its key markets.



Sector Métaux et mines › Acier / sidérurgie


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 1 860 millions de dollars
  • Quarterly revenue: 1 860 millions de dollars
  • Revenue growth: -8 %
  • EBITDA: 409,4 millions de dollars
  • EBITDA margin: 22 %
  • Net income: 131,5 millions de dollars
  • Free cash flow: 303 millions de dollars
  • -183,1 millions de dollars
Risks mentioned
  • Baisse de 15 % des volumes vendus de Tubes au premier semestre 2026
  • RBE Mines & Forêts en recul à 71 M$ contre 107 M$, effets de change défavorables du réal
  • Fermeture du détroit d'Ormuz affectant les délais de livraison à l'international
Opportunities identified
  • RBE du segment Tubes en hausse à 372 M$ grâce aux prix et au mix produit
  • Position de liquidité très solide de 2,0 milliards de dollars au 30 juin 2026
  • Produit d'environ 307 M€ encaissé le 8 juillet 2026 après exercice des bons de souscription
Outlook / guidance
  • Expected EBITDA: 190 millions de dollars

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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