Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, has extensively increased its presence in offshore Egypt in 2016, booking several large orders. The total contract values from the orders in 2016 across the scope of supply are in excess of 100 million Euros (107 million USD), which represents a milestone development for Sandvik in the region. This means that Sandvik will provide a comprehensive scope of oil and gas solutions for the ongoing giant gas field developments in the region.
Sandvik has seen double-digit growth in the region over the past three years, and recently 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.
The East Mediterranean is brimming with opportunity. For example the recently discovered Zohr offshore field near Egypt, the largest natural gas discovery in the Mediterranean in the last decade, will greatly boost the country’s energy potential. The “super giant” field potentially boasts an estimated 30 trillion cubic feet of natural gas.
Phil Cherrie, Regional Sales and Marketing Manager, Oil & Gas, EMEA, Sandvik, said, “Operating in an offshore environment such as the Mediterranean Sea requires materials that are able to withstand the harsh conditions that these operations present. Having been chosen by the operators as well as equipment manufacturers and service providers to provide these solutions serves as testament to the quality of Sandvik’s products and solutions.”
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.
According to Phil Cherrie, Egypt and the region continues to be an important market for the company. The company has been active in the region for more than 30 years now and continues to invest actively in people and partnerships to support the wide customer base.
