TMK, a leading producer of tubular products for the oil and gas industry, has announced its operational results for the first half of 2014.
Reporting on its premium segment, the company stated: “The demand for TMK UP premium connections remains high, sustained by expansion of directional and horizontal drilling in America and Russia.”
In May 2014, TMK signed a long-term contract with Yamal LNG to deliver premium tubular products to 2020, with Yamal LNG’s overall demand for premium tubular products during the 2014 - 2020 period estimated at 48 000 t.
TMK also signed a memorandum of understanding with Sakhalin Energy, operator of the Sakhalin-II LNG project, under which a roadmap is to be drafted for Sakhalin Energy to view TMK as a prospective supplier of premium tubular products.
The company expects the Russian tubular market to grow in the second half of 2014, driven mainly by the increase in horizontal drilling and the development of unconventional oil and gas fields.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23072014/tmk-results-highlight-russian-lng-contracts-1049/