Tenaris and longtime business partner Sandvik are extending their nearly 20-year alliance with the signing of a new five-year agreement for the supply of OCTG with premium connections and specialty steel alloys, including CRAs, to serve the oil and gas market.
The renewed agreement combines Sandvik’s expertise in material technology and the development of corrosion-resistant steel alloys with Tenaris’s excellence in the manufacture of high-quality, high-performing OCTG and premium connections with Dopeless® technology.
"Our strategic alliance facilitates closer cooperation on future innovations targeting the most demanding applications in the market. Together we will be unmatched in the industry allowing us to develop and offer unique solutions for the most challenging operational environments faced by our customers,” said Göran Bjorkman, President Sandvik Materials Technology.
Tenaris Chairman & CEO Paolo Rocca visited Sandvik Materials Technologies headquarters in Sandviken, Sweden, ahead of the signing of the agreement, which marks two decades of collaboration between the companies.
“We continue to draw from our combined strengths in R&D and manufacturing to offer customers differentiated solutions, unmatched in the industry today,” said Rocca. “And, as the sector pivots with a greater focus on low-carbon solutions, we are best-positioned and have the know-how to execute projects for the energy transition such as carbon capture and storage, geothermal and gas production - segments that require advanced materials and product technologies that maximize performance while reducing environmental impact.”
The strategic partnership between Tenaris and Sandvik started in 2003 to add value to the oil and gas industry through joint research, product development, and the manufacture of specialized tubular solutions for demanding applications.