Deal Snapshot
| Attribute | Detail |
|---|---|
| Supplier | Interpipe – Ukraine-based steel-pipe and rail-product manufacturer |
| Client / Project | Turkish operator of the South Akçakoca Sub-Basin (SASB) gas field, Black Sea |
| Product | Tubing fitted with UPJ-M premium gas-tight connections (Interpipe proprietary design) |
| Application | Underwater laying in shallow-water wells, requiring high torque and leak-free performance |
Strategic Significance
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Portfolio Diversification
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Marks Interpipe’s first entry into offshore O&G supply, extending beyond on-shore OCTG and line-pipe lines.
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Technology Validation
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Successful pipe runs confirm UPJ-M connection suitability for subsea environments—a prerequisite for further deep-water tenders.
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Market Access
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Turkey’s Black Sea play—led by the Sakarya and SASB developments—targets 9-10 mcm/d in 2025; potential repeat orders could follow.
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Management Commentary
“Gas-tight premium joints are critical for shallow-water production. Client feedback on the first deployment is positive, positioning us for future offshore projects,”
Artem Artemov, Director of Pipe Sales – Middle East, Asia & Africa
Company Metrics
| 2024 Output | Volume |
|---|---|
| Steel pipes | 511,000 t |
| Rail products (KLW brand) | 115,000 t |
| Export markets | 50+ across MEA, North America, EU |
Outlook
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Commercial: Interpipe will leverage this reference project in upcoming tenders for Black Sea and East-Med subsea developments.
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Capex: Minimal additional investment required—UPJ-M joints already produced in-house.
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EPC Partnerships: Company pursuing MoUs with regional offshore contractors for bundled pipe-string and running-services packages.
Interpipe’s inaugural offshore supply underscores Ukraine’s industrial resilience and opens a new revenue stream in the high-margin premium-connection segment.
