22.6 C
May 12, 2021

New Tenaris investment of USD 62 M in Zalau

Tenaris, a leading global supplier of steel tubes, invested USD 62 M into a new premium OCTG (oil country tubular goods) finishing line for specialized products used by the oil and gas industry, which has been inaugurated yesterday at TenarisSilcotub in Zalau, a press release informs. The new line will produce premium connections used by oil and gas companies in the most challenging environments, such as offshore, deepwater, corrosive, high temperature and high pressure wells. The use of premium pipes, such as the ones now being produced in Tenaris’ mill in Romania, aims to enhance reliability and performance in difficult exploration and production activities. With the new premium line in Zalau, Tenaris builds up its capability to serve its customers in Europe, North Africa, the Middle East and the Caspian Sea region.
With a capacity of about 35,000 tons/year, the line is able to process tubes in the size range from 2 3/8” to 7”, with Tenaris Hydril Blue® Series, Wedge Series 500™ and Wedge Series 600™ premium connections, both integral and threaded and coupled. In 2014, the facility will begin producing Tenaris Hydril Dopeless® technology, a dry multifunctional coating that enhances the performance of premium connections and provides quantifiable operational, well productivity and HSE benefits.

Related posts

CFR wants to buy power on Romanian Stock Market

Nine O' Clock

Carpatair turnover up 14 pc last year


CEC Bank reduces interests on RON loans to companies