Tenaris has been awarded a multi-year contract from Neptune Energy for the supply of OCTG and services for its drilling projects on the Norwegian Continental Shelf.

“The new contract strengthens our collaboration with Tenaris which has supported our strong operational and safety performance across all drilling activities,” said Neptune’s Head of Supply Chain Management and Logistics in Norway, Kjell-Petter Schou Andreassen.

Under the five-year contract, Tenaris will manufacture, transport and provide pipe management services for a broad range of casing, including high performance conductor casing with TenarisHydril BlueDock® weld-on connectors and high alloy casing with state-of-the-art connections such as TenarisHydril Blue®, Blue® Max, Blue® Quick Seal, all with the environmentally friendly Dopeless® technology, increasing running reliability.

This will include one exploration well and one appraisal well in the Gjøa area in the Norwegian Sea in 2023.

“Tenaris is delighted to have been selected as Neptune`s partner for the supply of OCTG tubulars and services. We look forward to continuing to add value to Neptune`s operations in the years to come with our global industrial footprint, state-of-the-art technology and pipes produced with a reduced carbon footprint,” commented Christer Andersen, Tenaris Country Manager Norway.

About Tenaris

Tenaris is a leading supplier of tubes and related services for the world’s energy industry and certain other industrial applications. Our mission is to deliver value to our customers through product development, manufacturing excellence, and supply chain management. We minimize risk for our customers and help them reduce costs, increase flexibility and improve time-to-market. Tenaris employees around the world are committed to continuous improvement by sharing knowledge across a single global organization.

About Neptune Energy Norge AS

Neptune Energy Norge is a subsidiary of Neptune Energy. The company is the operator of three producing fields: Gjøa and Duva the North Sea, and Fenja in the Norwegian Sea. It is also a partner in several fields, amongst these are Snøhvit, Gudrun, Njord and Fram. Neptune Energy Norge is a participant in over 80 licences. For the full year 2022, Neptune produced 58 kboepd in Norway.

About Neptune Energy Group

Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 135,000 net barrels of oil equivalent per day in 2022 and 2P reserves at 31st December 2022 of 552 million barrels of oil equivalent. Neptune aims to store more carbon than is emitted from its operations and the use of its sold products by 2030. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.