The Oil Country Tubular Goods (OCTG) industry relies on many market factors, with oil prices not surprisingly being the primary indicator. As crude oil prices rise or fall, producers cap or commission wells accordingly. A balance between the cost of production and a fair market price keeps OCTG producers on their toes. At the same time, imported goods also affect their forecasts. MSI Pipe Protection Technologies provides insights on protecting your oilfield products and investments.
Maximizing Efficiency and Protection in Oilfield Products
Many manufacturers aren’t speculating on government interventions; instead, they opt to produce only in accordance with valid, confirmed orders. Many reasons inform this decision, not least of which are the effects that storage, handling, and transport of oilfield products entail. When precision-manufactured steel goods remain in storage for extended periods, they are prone to degradation or damage.
Imported oilfield products from Asia create a further downward trend for producers. The market’s volatility and uncertainty of finding consumers for their goods, however, leave manufacturers looking to maximize efficiencies. At the same time, many remain ready for any upward trend that may arise.
A key method for reducing the operational costs of oil producers and oilfield products (and something OCTG manufacturers can adopt) is protecting their investment in the infrastructure needed to commission new wells or return wells to service. With appropriate protection, equipment such as tubing, casing, perforating guns, downpipes, sucker rods, and pumps can remain protected for long periods, ensuring the investment doesn’t become a wasted expenditure.
Pipe Protection that Increases the Lifecycle of Oilfield Products
To increase the lifespan of oilfield products, innovative, durable protectors allow for better storage and handling, as well as rigid support during equipment transport. This reduces exposure to the elements and impacts and ensures the integrity of the investment over long periods of disuse.
Pipe and OCTG protective devices include:
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- Thread protectors for every type of tubular required, as well as custom, fabricated designs
- Accessories such as bumper rings, lifting bails, pipe chocks, and stabbing guides
- Pipe handling equipment, including packaging frames and tubular handling systems
Your company can survive a volatile market by employing these protective approaches to your oilfield products. Protecting your oilfield products ensures reliable operations and the integrity of your equipment during every stage of the production cycle.
To help secure your OCTG infrastructure today, contact MSI Pipe Protection Technologies to discuss your protection requirements.
