TMK Signs
Contract with Halliburton
TMK, one
of the world's leading producers of tubular products for the oil and gas
industry, has signed a contract with Halliburton International Inc. to provide
threading services.
TMK
Central Pipe Yard (Buzuluk, Orenburg Region), which is part of TMK Oilfield
Services, will be responsible for fulfilling the contract by threading
components of casing equipment for Halliburton’s Russian division.
It is
expected that in the future, along with standard threads, TMK Central Pipe Yard
will thread the entire line of TMK Premium Connections for Halliburton. The
signed contract is valid for three years.
Halliburton is one of the world’s largest suppliers of services for
the oil and gas industry. It enjoys a presence in 80 countries around the world
and offers a full line of oilfield services, from exploration and reserves
estimation to drilling, well construction and optimization of oilfield
production processes.
TMK
Central Pipe Yard is part of TMK Oilfield Services and specializes in repairing
tubing, drill pipe, and sucker rods, as well as in producing elements for pipe
strings.
In August
2012, TMK Central Pipe Yard fulfilled its first order for Halliburton by
threading components of casing equipment with diameters of 146, 168 and 245
mm.
“We are
interested in expanding the customer base of TMK’s oilfield services division,
as well as increasing its market share,” said TMK Vice President for Premium
Products and Services, Sergei Bilan. “TMK collaborates with many well-known
Russian and international companies that provide drilling and well workover
services. Halliburton is yet another well-known brand and world-class service
provider. The signing of this contract strengthens TMK’s position in the service
business and will promote the establishment and development of partnerships with
other leaders in the oilfield services market.”
TMK is a leading global manufacturer and supplier of steel pipes for
the oil and gas industry, operating 24 production sites in the United States,
Russia, Romania and Kazakhstan and two R&D centres in Russia and the USA. In
2011, TMK’s pipe shipments totaled 4.23 million tonnes. The largest share of
TMK’s sales belongs to high margin oil country tubular goods (OCTG), shipped to
customers in 85 countries. TMK delivers its products along with an extensive
package of services in heat treating, protective coating, premium connections
threading, warehousing and pipe repairing.
TMK’s ordinary shares are listed on Russia’s major stock exchange –
MICEX-RTS. Its GDRs are traded on the London Stock Exchange, and its ADRs – on
the OTCQX International Premier trading platform in the U.S.
TMK’s production assets structure:
|
Ø
Russian division:
·
Volzhsky
Pipe Plant;
·
Seversky Tube Works;
·
Taganrog Metallurgical Works;
·
Sinarsky Pipe Plant;
·
TMK-Kaztrubprom.
|
Ø
American division:
·
11
plants of TMK
IPSCO.
Ø
European division:
·
TMK-ARTROM;
·
TMK-RESITA.
Ø
TMK-INOX;
Ø
TMK-Premium Service;
Ø
TMK Oilfield Services.
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