The Company manufactures OCTG seamless casing, tubing and drill pipes that are used in oil and natural gas exploration, drilling and extraction. Seamless OCTG pipe is pipe that is cast instead or being and not welded, which makes it stronger than ordinary welded pipe. WSP Holdings also manufactures connectors, pipe used in extreme environments such as boiler manufacturing and unfinished pipe that is called green pipe.
The Company¡¯s range of seamless OCTG products can be divided into two general categories:
- American Petroleum Institute (API) products are manufactured according to standards formulated by the API. The Company is API certified and may use the official API monogram on products to show that the respective products meet API standards. API certification is subject to periodic review by the API.
- Non-API products are non-standard products with customized specifications that are developed to meet special needs and provide improved strength, higher corrosion resistance, improved sealing and premium connectors. These products are used under extreme conditions in difficult environments such as deep wells, steam injection wells, highly corrosive geological conditions containing H2S, CO2 and high stratum pressure. Non-API products typically command a price premium compared to API products because they are more technology-intensive and are or a higher quality than API products.
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