Summary of spot and futures prices of steel On May 12th, most domestic steel markets…
I. Primary Uses
1. Core Components in Oil & Gas Extraction
OCTG (Oil Country Tubular Goods), including casing, tubing, drill pipes, and drill collars, is essential for drilling, completion, production, and injection in oil/gas wells.
Tubing transports hydrocarbons, casing stabilizes wellbores, and drill pipes enable drilling operations.
2. Adaptability to Harsh Environments
Suitable for onshore, offshore, and extreme conditions (e.g., high pressure/corrosion), with materials like super 13Cr enhancing corrosion resistance.
3. Global Applications
Widely used in Asia-Pacific, Middle East, North America, and Africa for both conventional and unconventional resource exploration[5][7].
II. Key Advantages
1. Superior Material Properties
High-strength seamless or welded steel tubes; advanced materials (e.g., super 13Cr) balance mechanical performance and corrosion resistance.
2. Advanced Technical Design
Threaded connections (e.g., tapered threads, undercut designs) ensure sealing integrity and durability.
Lubricant coatings reduce heavy metal usage, improving environmental compliance and operational efficiency.
Fengbao Pipe can supply a variety of OCTG pipes