TMK and LUKOIL sign R&D cooperation programme

TMK and OAO LUKOIL have signed an R&D cooperation programme for 2014 - 2016, providing for the launch of import-substituting and new types of high-performance tubular products that would meet the current needs of the oil and gas sector.

The programme maps out three key areas for TMK-LUKOIL cooperation – casing, tubing and line pipe production. It also offers an action plan including testing, research, presentations, workshops and technical support. Under the agreement, LUKOIL will provide organisational support and consulting to identify major scientific and technical problems in the area of field-infrastructure development, while TMK will conduct surveys and implement pilot projects to solve the problems.

“We are interested in the development of the domestic tubular market and more reliable tubular products,” said Azat Shamsuarov, Senior Vice President for Oil and Gas Production of OAO LUKOIL. “This will cut the company’s financial costs associated with the development of its own oil-complex infrastructure. We hope that LUKOIL’s practical experience and TMK’s innovative potential will help achieve the goals set.”

“The agreement we signed will provide an additional impetus to our cooperation. TMK, with its technological capabilities and research potential, may meet the most stringent requirements of the oil industry. We believe that as a result of our cooperative activities LUKOIL’s enterprises will receive safe, high-technology products, with account taken of specific producing conditions at individual fields,” stated Aleksandr Shiryaev, General Director of TMK.

Alexander Shiryaev, TMK CEO, also commented on the partnership: "LUKOIL has always been one of TMK's most valued partners. Not only do we supply our pipe to this oil and gas major, but we have also accumulated extensive experience in joint launching and application of innovative tubular products. TMK's advanced technology and R&D capabilities are designed to meet the most demanding of oil and gas companies’ expectations. We rely on this collaborative effort to provide LUKOIL with premium state-of-the-art pipe tailored to specific oilfield needs, and to ensure that TMK will expand its innovative line of high-demand products."

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/23072014/tmk-and-lukoil-sign-r-and-d-cooperation-programme-670/