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Tenaris has entered into a long-term agreement with KPO (Karachaganak Petroleum Operating) for the supply of OCTG, TenarisHydril premium connections and field services for the company’s developments in the Karachaganak field, in northwest Kazakhstan. Partners in the Karachaganak venture are BG Group, Eni, Chevron, Lukoil and KazMunayGas. To support local operations, Tenaris will invest $40 million to build a new premium threading facility with a capacity of 45,000 tpy in Aktau. The supply agreement will last from 2014 to 2017, with an optional two-year extension.

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