19th Mar 2014 13:00
OAO TMK / Miscellaneous 19.03.2014 14:00 Dissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- March 19, 2014 PRESS RELEASE Baker Hughes and TMK to Deliver Integrated Solutions Well Completion Solutions Designed to Mitigate Risk and Reduce Costs Baker Hughes Incorporated, one of the world's largest oilfield servicecompanies, and TMK, one of the world's largest producers of pipes for theoil and gas industry, announced today their intention to jointly developintegrated well completion solutions. Targeted at both onshore and offshore fields, the solutions will provideturnkey well completions based on the technical and manufacturingcapabilities of both companies. These include the procurement of the entireassembly of downhole equipment and tubular goods, as well as installationservices and technical support - a combination that can reduce the overallcosts 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. Thecompany's 59,000-plus employees today work in more than 80 countrieshelping customers find, evaluate, drill, produce, transport and processhydrocarbon 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 steelpipes for the oil and gas industry, operating 28 production sites in theUnited States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and twoR&D centers in Russia and the USA. In 2013, TMK's pipe shipments totaled4.3 million tonnes. The largest share of TMK's sales belongs to high marginoil country tubular goods (OCTG), shipped to customers in over 80countries. TMK delivers its products along with an extensive package ofservices in heat treating, protective coating, premium connectionsthreading, warehousing and pipe repairing. TMK's securities are listed on the London Stock Exchange, the OTCQXInternational Premier trading platform in the U.S. and on the MoscowExchange 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 European division:Works; TMK-ARTROM;Sinarsky Pipe Plant; TMK-RESITA.TMK-CPW; Middle East Division:TMK-Kaztrubprom; TMK GIPI (Oman);TMK-INOX; Threading & Mechanical Key Premium LLC (Abu-TMK-Premium Service; Dhabi).TMK Oilfield Services. TMK Corporate Communications Ilya ZhitomirskyTel: +7 (495) 775-7600E-mail: [email protected] 19.03.2014 EquityStory.RS, LLC's Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: OAO TMK 40/2a Pokrovka 105062 Moscow RussiaPhone: +7 495 775-7600Fax: +7 495 775-7601E-mail: [email protected]: tmk-group.comISIN: US87260R2013Category Code: MSCTIDM: TMKSSequence Number: 1947Time of Receipt: March 19, 2014 13:59:58 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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