NOV Expands Ability to Deliver Market-Leading Tubular Technologies in Saudi Arabia
NOV has provided comprehensive tubular services to customers in
Additionally, NOV is constructing a new, state-of-the-art manufacturing facility that will provide the Company’s market-leading composite pipe technology to the MENA region. The 260,000 ft² facility will establish NOV as Saudi Arabia’s first local manufacturer of high-pressure spoolable composite pipe. The operation will become part of NOV’s global network, supplementing a team of experts that provide lightweight, corrosion-resistant, engineered solutions from 12 existing manufacturing facilities around the world. The manufacturing complex will produce spoolable and jointed pipe, including the flagship line of Fiberspar™ spoolable products, STAR™ GRE high-pressure line pipe, and downhole tubing and casing.
Both facilities are expected to be operational in first quarter of 2018.
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Cautionary Statement for the Purpose of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995
Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from the actual future events or results. Readers are referred to documents filed by National Oilwell Varco with the Securities and Exchange Commission, including the Annual Report on Form 10-K, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.
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Source:
National Oilwell Varco
Investor and Media Contact:
Loren
Singletary, 713-346-7807
Chief Investor & Industry Relations Officer
Loren.Singletary@nov.com
or
Customer
Contacts:
Isaac Joseph, 713-799-4903
President, Wellbore
Technologies
Isaac.Joseph@nov.com
or
Mike
Hart, 713-634-3181
Chief Sales Officer, Completion & Production
Solutions
Mike.Hart@nov.com