Nippon Steel Corporation and Sumitomo Corporation jointly received the Equipment Supplier of the Year Award from Shell’s wells business (Shell).
The Award recognized the continued superior performance by Nippon Steel and Sumitomo Corporation in each of the evaluation items, including Nippon Steel’s development capabilities of high-quality products, over 90% achievement in on-time delivery, cost reduction in the entire supply chain, and accomplishment of more than 20 joint-research projects.
Nippon Steel and Sumitomo Corporation have maintained relationships regarding oil country tubular goods (OCTG) for more than 40 years with Shell and are currently under a 10-year contract period up to 2025. Both Nippon Steel and Sumitomo Corporation have contributed to Shell by proposing total solutions which include a stable supply of high-end OCTGs, development of new products which match specific needs of Shell, and solid delivery service by use of Supply Chain Management (SCM). By making the best use of proprietary technology and services, Nippon Steel and Sumitomo Corporation will be further committed to contribute to oil and gas development efforts, which are becoming increasingly difficult and advanced.
