Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, extensively increased its presence in offshore Egypt in 2016. The total contract values from the orders in 2016 across the scope of supply are in excess of EUR 100M (107M USD), which represents a milestone development for Sandvik in the region.
Sandvik established its EMEA Oil and Gas headquarters in Dubai, United Arab Emirates to service major projects happening in the region and to remain in close proximity to regional customers.
As part of the contracts Sandvik will be providing: Super Duplex steel umbilical tubing; 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 throughout 2017.