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June 2016 | Seamless Steel Tube & Pipe


KOC stuns with tonnage associated with new OCTG tenders: Middle East and North Africa Market Analysis


Two of the four tenders, which between them account for 580kt, MBR believes are to be used by KOCs development group who is responsible for shallow to medium-depth wells being drilled in the country up to 12,000 ft (3,600m) in depth.

Astounding tonnages associated with KOC OCTG tender ...
The Middle East continues to confound global market trends. In our March edition of this publication, we first mentioned a new 3 year OCTG tender from KOC. MBR now has details on these tenders, and the tonnages involved are astounding. Currently there are four separate tenders out in the market, which in total account for 835kt of primarily casing. Indeed, these tenders are for three years of drilling activity, but this still places Kuwait’s annual consumption at around 278kt, significantly higher than historical levels of consumption in the GCC market.

...the company’s development group tenders for 580kt of casing...

Two of the four tenders, which between them account for 580kt, MBR believes are to be used by KOCs development group who is responsible for shallow to medium-depth wells being drilled in the country up to 12,000 ft (3,600m) in...

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