Sweden's Sandvik and Luxembourg-headquartered Tenaris have signed a new five-year strategic alliance agreement on the exclusive joint supply of corrosion resistant alloy OCTG materials and technology to the oil and gas industry.
The two companies have already been working together for more than a decade. “This strategic alliance will facilitate closer cooperation on future innovations targeting the most demanding applications in the market,” said Michael Andersson, Head of the Tube Product Area of Sandvik.
The alliance will bring together Sandvik’s corrosion resistant alloy tubes and TenarisHydril premium connections with Dopeless technology.
Sandvik said this will bring many benefits including a complete offer for the market, paricularly in the most challenging oil and gas exploration and production environments, such as high-pressure, high-temperature and deep water, where harsh conditions call for safe operational material solutions while reducing environmental impact.