TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has provided tubing with premium connections TMK FMT and related services for the hydraulic fracturing project at the Davydovskoye oilfield operated by Orenburgneft, a Rosneft subsidiary. The fracturing operations will be managed by Schlumberger.
For the first time in Russia, TMK’s premium products are engaged in hydraulic fracturing activities, which require pipes of high performance in terms of strength and structural integrity. The use of these premium pipes secures gas and oil tightness of the pipe string and therefore ensures efficient and safe hydrocarbon production.
“The high quality of our pipes and our multifaceted approach to customer service enable us to participate in complex projects involving state-of-the-art technology and exclusive standards of equipment and services,” says Sergei Bilan, Vice President for Premium Products and Services. “Our successful track record including the Company’s experience in North America is a solid base for enhancing our cooperation with partners in various areas, including unconventional methods of hydrocarbon production.”
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes for the oil and gas industry, operating 28 production sites in the United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two R&D centers 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 the Moscow Exchange MICEX-RTS.