Sandvik Press Release_Sandvik Secures Strategic Contracts in

Sandvik Press Release_Sandvik Secures Strategic Contracts in
SandvikincreasesitspresenceinOffshoreEgypt
SandviktoSupportOngoingGasFieldDevelopmentsintheRegion,Establishes
RegionalHQinDubai
Dubai,UnitedArabEmirates–8February2017:Sandvik,adeveloperandproducerof
advanced stainless steels, special alloys, titanium and other high-performance
materials, has extensively increased its presence in offshore Egypt in 2016, booking
severallargeorders.Thetotalcontractvaluesfromtheordersin2016acrossthescope
of supply are in excess of 100 million Euros (107 million USD), which represents a
milestonedevelopmentforSandvikintheregion.ThismeansthatSandvikwillprovide
a comprehensive scope of oil and gas solutions for the ongoing giant gas field
developmentsintheregion.
Sandvik has seen double-digit growth in the region over the past three years, and
recentlyestablisheditsEMEAOilandGasheadquartersinDubai,UnitedArabEmirates
toservicemajorprojectshappeningintheregionandtoremainincloseproximityto
regionalcustomers.
The East Mediterranean is brimming with opportunity. For example the recently
discovered Zohr offshore field near Egypt, the largest natural gas discovery in the
Mediterranean in the last decade, will greatly boost the country’s energy potential.
The“supergiant”fieldpotentiallyboastsanestimated30trillioncubicfeetofnatural
gas.
Phil Cherrie, Regional Sales and Marketing Manager, Oil & Gas, EMEA, Sandvik, said,
“Operating in an offshore environment such as the Mediterranean Sea requires
materials that are able to withstand the harsh conditions that these operations
present. Having been chosen by the operators as well as equipment manufacturers
andserviceproviderstoprovidethesesolutionsservesastestamenttothequalityof
Sandvik’sproductsandsolutions.”
AspartofthecontractsSandvikwillbeproviding:SuperDuplexsteelumbilicaltubing;
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 on
throughout2017.
Additionally, Sandvik will be exhibiting at the Egypt Petroleum Show 2017. At the
Sandvikbooth(stand1E61,Hall1),theSwedishcompanywillpresentitswiderangeof
corrosion-resistant products including umbilical tubing, OCTG tubing, downhole
control lines, hydraulic lines for drilling risers, tubing for sand screens, subsea piping
material, welding products and slicklines. The booth will also display the complex
componentsofpowdermetallurgyhotisostaticpressing(HIP)forsubseaequipment.
Visitors will also learn more about the technical leadership and support that Sandvik
can offer on material selection and solutions for corrosion challenges. Additionally
majorprojecthighlightsintheregionwillbeshowcased.
AccordingtoPhilCherrie,Egyptandtheregioncontinuestobeanimportantmarket
forthecompany.Thecompanyhasbeenactiveintheregionformorethan30years
nowandcontinuestoinvestactivelyinpeopleandpartnershipstosupportthewide
customerbase.
ForfurtherinformationonSandvik,pleasevisitthewebsite:
http://www.smt.sandvik.com.
Sandvik'sboothatEGYPS2017
Date:14to16February2017
Location:Hall1,Standno.1E61
###
Sandvik
Sandvikis a world-leading developer and manufacturer of products in advanced stainless
steels and special alloys for the most demanding environments, as well as products and
systemsforindustrialheating.
Sign up for the Sandvik Knowledge Center at http://smt.sandvik.com/en/offshore-oil-andgas/signup-to-newsletter/toaccesspapersandotherusefuldocumentsrelatingtocorrosion
andapplications.
MediaContacts:
SandvikMaterialsTechnology–SaraLiu–[email protected]
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