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Thursday, 9 February 2017

Sandvik announces expansion in Egypt, secures USD 107 mn in contracts

Sweden’s Sandvik Group says it secured “a number of strategic projects offshore Egypt to provide a comprehensive scope of Sandvik oil and gas solutions for the ongoing giant gas field developments in the region.” It says the contract values are in excess of USD 107 mn. “As part of the contracts, Sandvik will be providing Super Duplex steel umbilical tubing; SANICRO 28, a high-alloy, high strength austenitic stainless steel for OCTG downhole production tubing together with alliance partner Tenaris; seamless alloy 625 control line and chemical injection lines encapsulated with tubing encased conductor (TEC lines). Deliveries of these solutions have already begun in 2016 and will continue throughout 2017.”

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