Master Agreement for OCTG with BP Renewed
OREANDA-NEWS.Nippon Steel & Sumitomo Metal Corporation (head office: Chiyoda-ku, Tokyo; President: Kosei Shindo; hereinafter, “NSSMC”), together with Sumitomo Corporation (head office: Chuo-ku, Tokyo; President & CEO: Kuniharu Nakamura), signed the renewal of a Master Agreement for oil country tubular goods (hereinafter, “OCTG”) with BP (head office: Saint James Square, UK; CEO: Bob Dudley) in December. This long term agreement is effective from January 1, 2016.
NSSMC and Sumitomo Corporation have had the long term contract for the supply of OCTG since 1990’s and have performed a high level of credibility in the industry with regard to product supply, development of customized new products, total solution proposals, cost optimization, and solid delivery service by use of supply chain management (SCM).
By making use of the superior technology and services, NSSMC is committed to contributing to BP’s exploration and production activities which find resources in challenging locations and require advanced solutions.