Tenaris invests in Kazakhstan to serve long-term agreement with KPO

Description

Michele Della Briotta, Tenaris Area Manager Eastern Europe, at the event that included participation by Kazakhstan’s Prime Minister.

July 09, 2014


Tenaris has entered into a long-term agreement with KPO (Karachaganak Petroleum Operating B.V.) 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 280 square kilometers 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 U$ 40 million dollars to build a new, state-of-the-art premium threading facility with a capacity of 45,000 tons/year in Aktau. The new plant, which will employ nearly 90 people when operational, will be designed according to the highest safety standards and will operate according to Tenaris’s unified QHSE Policy that is ISO 9001 certified on a global scale.

The supply agreement, which will last from 2014 until 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 and brings operational, well productivity and HSE benefits to operations.

“Tenaris is committed to providing KPO with customized 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 will employ local people and promote knowledge transfer. This has been our model worldwide since Tenaris was born more than 60 years ago.”

Tenaris has maintained a presence in Kazakhstan for 10 years and has a commercial office in Atyrau and a service center in Aksai.  

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