TPi September 2014

business & market news

Investment in Kazakhstan to serve long- term agreement

will employ local people and promote knowledge transfer.”

and brings operational, well productivity and HSE benefits to operations.

Tenaris has entered into a long-term agreement with KPO (Karachaganak Petroleum Operating BV) for the supply of OCTG, TenarisHydril premium connections and field services for the oil and gas company’s developments in the Karachaganak field, which occupies more than 280km 2 of northwest Kazakhstan, and has reserves of more than 2.4 billion barrels of condensate and 16 trillion cubic feet of gas. Partners of the Karachaganak venture are BG Group, ENI, Chevron, Lukoil and KazMunayGas. To support local operations, Tenaris will invest $40mn dollars to build a new premium threading facility with a capacity of 45,000 tons/year in Aktau, Kazakhstan. The plant will be designed to the highest safety standards and will operate according to Tenaris’s unified QHSE policy, which is ISO 9001-certified on a global scale. The supply agreement, which will last from 2014 to 2017 with an optional two- year extension, will feature TenarisHydril premium casing and tubing connections with Dopeless ® technology, Tenaris’s proprietary dry, multifunctional coating that enhances connection performance

Tenaris has maintained a presence in Kazakhstan for ten years, and has a commercial office in Atyrau and a service centre in Aksai.

“Tenaris is committed to providing KPO with customised and reliable supply solutions to support their specific challenges,” said Michele Della Briotta, Tenaris area manager for Eastern Europe. “As part of our dedication to Kazakhstan and its energy industry, we

Tenaris – Luxembourg www.tenaris.com

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September 2014 Tube Products International