Sakhalin Energy and TMK met in Yuzhno-Sakhalinsk on 22 January to discuss the implementation of the long-term contract for supply of premium OCTG pipes until 2022. As a result of the meeting, the Parties signed the joint Technical Activities Programme and Schedule focusing on the development of TMK services and technical support for pipes supply to Sakhalin-2 Project.
This support will help ensure that the supplied pipes are properly stored and maintained to improve the casing reliability and performance when installed in offshore wells.
“Over the last five years we have been consistently developing joint competences to create uniform OCTG requirements and standards, performed tests of pipe quality, and reviewed the vendor's quality control system,” Sakhalin Energy’s CEO Roman Dashkov said. “As a pilot project, we purchased a trial batch to make sure the quality meets the standard requirements. The work we have done together forms a strong foundation for expanding our cooperation to create Russian analogues for foreign technology and add TMK as an alternative vendor to Sakhalin Energy's Approved Vendor List, while TMK can broaden its export potential,” Roman Dashkov added.
Sergey Chikalov, TMK Vice President for Technological Development and Technical Sales, said that the signing of the documents was the logical outcome of the long-standing cooperation between the two companies in qualification and import substitution and was in line with the TMK strategy to transition from being a product supplier to an integrated service provider.
The cooperation between TMK and Sakhalin Energy began in 2014, when the two companies signed a memorandum of understanding (MoU). In 2017, the Parties signed a long-term contract for supply of premium OCTG, under which TMK supplied two batches of L80 TMK UP PF 244.45 х 11.99mm casing that were successfully run in hole at Molikpaq. The casing running was made possible through successful qualification of the TMK products to Shell’s international requirements with support from Sakhalin Energy. In 2020 the parties plan to expand the products range.
For reference: TMK is a global supplier of steel pipes, pipe solutions and related services for the oil and gas sector, and one of the world’s three leading pipe manufacturers. The company’s production assets are located in Russia, Romania and Kazakhstan. High margin OCTG pipes account for the largest share in TMK's sales mix and are shipped to consumers in more than 80 countries. TMK supplies its products along with a wide range of services for heat treatment, protective coating, premium connection threading, warehousing and pipe repair. Scientific research, development and introduction of innovative solutions are supported by two R&D hubs – the R&D centre in Skolkovo (Russia) and the Russian Research Institute for the Tube and Pipe Industries (RosNITI) in Chelyabinsk (Russia). TMK shares are traded on London Stock Exchange and Moscow Exchange.
23 January 2020