TMKS.L Regulatory News (TMKS)

3 Sep 2008 07:30



September 3, 2008 PRESS RELEASE

TMK Ships Premium Connections to Surgutneftegas

TMK announces that its TMK-Premium Service division began supplying TMK-PF ET premium threaded casing connections to Surgutneftegas. 

The first shipment of TMK-PF ET to Surgutneftegas consisted of 120 tonnes of premium threaded 168 mm casing with 8.94 mm wall thickness. In addition to the PF series, TMK-Premium Service will supply Surgutneftegas with TMK-GF premium connections and provide technical assistance during operations. TMK expects total shipment volumes of premium-class products to Surgutneftegas to surpass 800 tonnes by the end of the 2008.

TMK-PF ET premium threaded casing connections are intended for use in highly-deviated and horizontal wells in complex geological structures. The TMK-PF series offers extra gas tightness and high resistance to tensile and bending stresses. 

This latest generation of TMK premium connections was designed and produced by TMK-Premium Service and certified by the Scientific-Research Institute of Natural Gases and Gas Technologies (VNIIGAZ) for use in challenging environments.

In 2007, TMK shipped a total of 187.3 thousand tonnes of pipe products, including premium connections, to Surgutneftegas. The supply of tubular goods falls under a long-term strategic partnership agreement between the two companies. TMK plans to supply a total of 205 thousand tonnes of tubular goods to Surgutneftegas in 2008.

In addition to the TMK-PF series, TMK-Premium Service offers a wide range of patented casing and tubing connections, developed by TMK R&D specialists and designed for onshore and offshore exploration, appraisal, and production drilling in challenging environments.

TMK (www.tmk-group.com)

TMK (LSE: TMKS) is the largest pipe producer in Russia and one of the three global market leaders. 

In 2007, TMK shipped over 3 million tonnes of pipes. TMK supplies to companies in more than 60 countries.

TMK production facilities are located in Russia, the United States, Romania and Kazakhstan

Volzhsky Pipe Plant

Seversky Tube Works

Taganrog Metallurgical Works

Sinarsky Pipe Plant

TMK IPSCO

TMK-Resita SA

TMK-Artrom SA

TMK-Kaztrubprom

TMK Oilfield Services

TMK-Premium Service

For further information please contact:

TMK IR Department

Alexei Ratnikov

Tel: +7 495 775 7600 ext. 2078

Email: IR@tmk-group.com

TMK PR Department

Alexey Sotskov

Tel: +7 495 775 7600 ext. 2125

Email: PR@tmk-group.com