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Commodities - JULY 24, 2019

Tenaris awarded offshore pipeline contract

by Kali Persall

Global steel pipe manufacturer Tenaris has secured the offshore export pipeline contract for the Alen Gas Monetization Project in Equatorial Guinea, the company announced on Tuesday.

The project is a key component of a West Africa growth strategy by Noble Energy, an independent oil and natural gas exploration and production company.

Upon construction, the 70-kilometer (43-mile) pipeline will transport natural gas from the Alen offshore platform to existing onshore processing facilities on Bioko Island with the goal of transforming the platform to a development hub for future gas fields in the Gulf of Guinea.

Tenaris will produce a total of 21,000 metric tons of line pipe at its Confab welded pipe mill located in Pindamonhangaba, Brazil.

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