According to the agreement, TNK-BP will buy a range of tubulars from TMK for approximately two billion dollars over the five years to 2012. The previous three-year contract with a planned supply volume of 500 million dollars expires at the end of 2007.
Success under the current contract has been achieved through the application of TNK-BP’s leading supply chain management practices, as well as TMK’s efficient and flexible order management systems, and advanced quality control processes.
This success has led to broadening the parties’ future co-operation in a number of areas including product development and the provision of regional tubular repair services to TNK-BP.
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