Jindal Hunting Energy Services Limited is looking to export oil country tubular goods to the Middle East & Africa. The company inaugurated a plant to manufacture and supply pipes and tubes with premium connections to the OCTG market in the oil and gas sector.
Sep 24, 2023
Jindal Hunting Energy Services Limited (JHESL), a joint venture (JV) company between US-based Hunting Energy Services and domestic pipes maker Jindal SAW, is looking to export oil country tubular goods from its plant located at Nashik in Maharashtra. The JV inaugurated a plant with an annual capacity of 70,000 metric tonnes, which has been set up at a cost of USD 25 million to manufacture and supply pipes and tubes with premium connections to the OCTG market in the oil and gas sector.
Neeraj Kumar, Group Chief Executive Officer and Whole-Time Director, Jindal SAW Ltd, told in an interaction, “ JHESL will first cater to the domestic market and continue to explore markets like the Middle East and Africa. There are certain approvals that need to be received for supplying OCTG.”
Mr. Kumar added, “ India imports USD 200 million worth of OTGC products. JHESL already has approvals for domestic clients, while the company has been engaged with concerned organizations in countries in the Middle East and Africa.”
Jindal SAW is a manufacturer and supplier of steel pipe products, fittings and accessories with manufacturing facilities in India, the US, Europe and the UAE. Hunting Energy Services manufactures premium, high-end downhole metal tools and components required to extract hydrocarbons across the well construction, completion and intervention stages of the well’s life cycle.