Baker Hughes and TMK to Deliver Integrated Solutions

  Baker Hughes and TMK to Deliver Integrated Solutions

Well Completion Solutions Designed to Mitigate Risk and Reduce Costs

Business Wire

HOUSTON -- March 19, 2014

Baker Hughes Incorporated, one of the world’s largest oilfield service
companies, and TMK, one of the world’s largest producers of pipes for the oil
and gas industry, announced today their intention to jointly develop
integrated well completion solutions.

Targeted at both onshore and offshore fields, the solutions will provide
turnkey well completions based on the technical and manufacturing capabilities
of both companies. These include the procurement of the entire assembly of
downhole equipment and tubular goods, as well as installation services and
technical support – a combination that can reduce the overall costs of field
development.

About Baker Hughes

Baker Hughes is a leading supplier of oilfield services, products, technology
and systems to the worldwide oil and natural gas industry. The company’s
59,000-plus employees today work in more than 80 countries helping customers
find, evaluate, drill, produce, transport and process hydrocarbon resources.
For more information on Baker Hughes, visit: www.bakerhughes.com

TMK (www.tmk-group.com)

TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes
for the oil and gas industry, operating 28 production sites in the United
States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two R&D centers
in Russia and the USA. In 2013, TMK’s pipe shipments totaled 4.3 million
tonnes. The largest share of TMK’s sales belongs to high margin oil country
tubular goods (OCTG), shipped to customers in over 80 countries. TMK delivers
its products along with an extensive package of services in heat treating,
protective coating, premium connections threading, warehousing and pipe
repairing.

TMK’s securities are listed on the London Stock Exchange, the OTCQX
International Premier trading platform in the U.S. and on the Moscow Exchange
MICEX-RTS.

TMK’s production assets structure:

-- Russian division:                -- American division:
-- Volzhsky Pipe Plant;                -- 12 plants of TMK IPSCO;
-- Seversky Tube Works;                -- OFS International LLC.
-- Taganrog Metallurgical Works;       -- European division:
-- Sinarsky Pipe Plant;                -- TMK-ARTROM;
-- TMK-CPW;                            -- TMK-RESITA.
-- TMK-Kaztrubprom;                    -- Middle East Division:
-- TMK-INOX;                           -- TMK GIPI (Oman);
-- TMK-Premium Service;                -- Threading & Mechanical Key Premium
                                       LLC (Abu-Dhabi).
-- TMK Oilfield Services.

Contact:

TMK Corporate Communications
Ilya Zhitomirsky, +7 (495) 775-7600
pr@tmk-group.com
or
TMK IPSCO Corporate Communications
Roger Bentley, 281 949 1957
Rbentley@tmk-ipsco.com
 
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