South Stream Transport Orders Pipes Worth $ 1.1 Bln

From left to right: Koichi Tabuchi and Naoki Watanabe from Marubeni-Itochu & Sumitomo Consortium and Dr. Oleg Aksyutin, CEO of South Stream Transport

South Stream Transport has ordered over 75,000 pipes for second line of the South Stream Offshore Pipeline, with a total order value of about 800 million euros ($1.1 billion). 

From left to right: Koichi Tabuchi and Naoki Watanabe from Marubeni-Itochu & Sumitomo Consortium and Dr. Oleg Aksyutin, CEO of South Stream Transport

Marubeni-Itochu & Sumitomo Consortium from Japan will supply 40% of the pipes, OMK Steel from Russia 35%, and Izhora Pipe Mill from Russia another 25%.

The South Stream Offshore Pipeline will be made up of four parallel pipelines of 931 kilometres each. Each pipeline is constructed of over 75,000 pipes of 12 metres each.

Pipe-supply contracts for the first line were signed in January 2014 with producers in Germany and Russia. Following delivery and stockpiling of pipes at the Black Sea coast, offshore construction will start in autumn 2014. The first offshore pipeline is scheduled to start operations by the end of 2015.

Press Release, March 17, 2014

Share this article

Follow Subsea World News

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Research & Development Petroleum Conference & Exhibition 2018

This event fosters closer collaboration across the oil and gas industry, technology innovators…

read more >

Mozambique Mining, Oil & Gas and Energy Conference and Exhibition (MMEC 2018)

MMEC 2018 will continue to showcase and explore developments in our country’s thriving Oil & Gas, Mining and Energy sectors and to also focus…

read more >

The Offshore Technology Conference (OTC) 2018

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

9th SCADA World Summit 2018

The 4-day conference event’s key highlights will include case studies from leading energy & utilities companies, interactive discussions…

read more >