Under the partnership, Hunting Energy Services will share their Premium Connections technology with Jindal SAW Ltd., who in turn will manufacture seamless casing and tubing using the connections technology.
Jim Johnson, CEO, Hunting PLC and Neeraj Kumar, Group CEO & Whole Time Director, Jindal SAW Ltd. signed the partnership, in the presence of PR Jindal, Chairman Jindal SAW Ltd.
On the occasion of the partnership, Jindal said that “this alliance will be a step forward in the government of India’s ‘Make in India’ initiative as promoted by the Government of India.” Johnson said: “We are really glad to announce this Strategic Partnership with Jindal SAW Ltd. Both our strengths combined will bring in a revolution in the OCTG manufacturing and use in India. This will bring in a whole new cutting-edge range of premium seamless casing and tubing in the country.”
“India’s demand for seamless pipe with premium connections has until now been covered through imports. Now with this partnership for manufacturing seamless pipes in India, the nation can look at a reduction in their imports.” Johnson added.
This partnership will result in the manufacture of finished casing and tubing in India.
“We are pleased to join hands with Hunting and leverage their global expertise to manufacture premium connections. This is a huge step towards establishing a self-sustainable seamless pipe market in India. With this step, we will look at reducing our imports, in-turn saving substantial foreign exchange.” said Kumar.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/15082019/hunting-energy-services-and-jindal-saw-ltd-form-strategic-partnership/