Sandvik Presents its Portfolio of High-Performance Products at Rio Oil & Gas

HOUSTON, Nov. 10, 2016 - Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, exhibited at the 18th annual Rio Oil & Gas Expo and Conference, the largest oil and gas event in Latin America, which was held from Oct. 24-27, in Rio de Janeiro.

At the show, Sandvik presented its wide range of corrosion-resistant products including umbilical tubing, downhole casing and production (OCTG) tubing, downhole control lines, hydraulic lines for drilling risers, tubing for sand screens, subsea piping material, welding products, and slicklines. The Sandvik booth also displayed the complex components of powder metallurgy hot isostatic pressing (HIP) for subsea equipment.

According to Nigel Haworth, global business unit head of oil and gas, Brazil continues to be an important market for the company, where it has a regional office as well as a facility that was opened more than a year ago, to further enhance its products in the oil and gas market.

The facility, situated in Rio de Janeiro, can encapsulate flatpacks, perform flushing and filling of tubes, hydrostatic testing, re-spool lines to cut-to-length, color code tubes, and other services. The facility was set up with the aim to expand Sandvik's presence in the region and be situated where the company's main customers have their bases.

Since then, Sandvik has supplied around 420 km of flatpacks, including more than 1,310 km of tubes and TEC to pre-salt projects in Brazil. The Libra oil field in the Santos Basin is the most promising oil field in Brazil, and Sandvik has supplied 100% of the control lines and chemical injection lines for the Long Duration Test (LDT) phase.

"Our expansion in Brazil is part of Sandvik's strategy to strengthen our position in the oil and gas market, bolster the growing control lines market and invest in high-level services for our customers. Beginning last year, we have supplied control lines and chemical injection tubes with local content from the facility. We also deliver coated umbilical tubing right from Brazil meeting local Brazilian content. This is a very important factor to tackling conditions specific to the local industry," says Leandro Finzetto, regional sales manager, oil & gas, Americas.

"Sandvik's commitment to the market is to provide customized solutions and meet the challenges of offshore production. We were very excited to exhibit our high-performance products, which represent a major leap in technology, and to introduce the first duplex stainless steels by Sandvik in pre-salt projects. We enjoyed meeting everyone at the show and are looking forward to continuing these new and existing relationships," said Leandro.

The Sandvik booth also showcased more information about the local facility as well as the products and services it provides. For further information on Sandvik, please visit the website: http://www.smt.sandvik.com.

Sandvik

Sandvik is a world-leading developer and manufacturer of products in advanced stainless steels and special alloys for the most demanding environments, as well as products and systems for industrial heating.

Media Contacts:

Sara Liu

Sandvik Materials Technology

Phone +86 21 241 60919

sara.liu@sandvik.com

Red Brodie

Account Executive,Fifth Ring

Phone +1 (832) 274-1423

red.brodie@fifthring.com

Web Site: http://www.smt.sandvik.com

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