WSP Holdings Lands Purchase Orders from US, Thailand
WSP Holdings Limited announced that its wholly-owned subsidiary, Wuxi Seamless Oil Pipes Company, Limited (WSP China), received purchase orders for 8,217 tonnes of API products from Chickasaw Distributors, Inc. in the United States, and 2,246 tonnes of non-API products from PTTEP Siam Limited (PTTEPS) in Thailand.
In May and June 2008, WSP China received four purchase orders from Chickasaw for a total of 8,217 tonnes of API casing pipe. WSP China expects to complete delivery for these orders by December 2008.
Chickasaw has extensive experience as an OCTG product distributor and is an OCTG provider to Shell Oil Company, one of America's leading oil and natural gas companies.
In July 2008, WSP China received a purchase order from PTTEPS for total of 2,246 tonnes of non-API casing, drill pipe and related accessories. WSP China expects to complete delivery for these orders by December 2008.
PTTEPS is a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), an oil and gas exploration and production company in Thailand.
"The successful sale of our API and non-API products to Shell Oil Company through Chickasaw and to PTTEPS affirms that our products are capable of competing in the global market," said Longhua Piao, Chairmand and CEO of WSP Holdings. "These casing pipe orders will enlarge our market share of API product sales in the United States and Thailand. Further, we believe these sales will increase awareness of our brand and product acceptance by other leading oil and gas companies."
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