TMK, a leading global manufacturer of tubular products for the oil and gas industry, has shipped the first pilot batch of vacuum insulated tubing (VIT) made of 13CrS steel (super-chrome steel) for Gazprom’s Bovanenkovo oil and gas condensate field on the Yamal peninsula. The quantity is about 500 running meters. Super-chrome steel VIT are highly resistant to aggressive environments.
“When used in northern fields development, VIT contribute to greater energy efficiency and safety while reducing environmental impact and increasing wells’ life. The development and production of the new tubing is a good example of replacing imported products with those made domestically: previously, Russia had all these pipes supplied from abroad. Today, TMK is the only Russian company that has the technology in place to produce super-chrome steel VIT,” said Alexander Shiryaev, the Company’s CEO.
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes for the oil and gas industry, operating about 30 production sites in the United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two R&D centres in Russia and the USA. In 2012, TMK’s pipe shipments totaled 4.22 million tonnes. The largest share of TMK’s sales belongs to high margin oil country tubular goods (OCTG), shipped to customers in over 80 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 securities are listed on the London Stock Exchange, the OTCQX International Premier trading platform in the U.S. and on Russia’s major stock exchange – MICEX-RTS.