Global OCTG (Oil Country Tubular Goods) Market 2017 Forecasts Analysis
Oil country tubular goods (OCTG) are hollow steel products of circular cross-section used in the oil and gas industry for exploration and production activities. OCTG encompasses mainly three types of products which include drill pipe, casing, and tubing. OCTG can be produced as seamless or welded tubes and pipes. The OCTG manufacturers can generally either produce seamless or welded OCTG products and not both, as the capital investment to manufacture seamless OCTG is ten to twenty times higher than the...
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