Jul. 22, 2016

Nippon Steel & Sumitomo Metal Corporation
Sumitomo Corporation

Master Agreement for Line Pipe with BP Renewed


Nippon Steel & Sumitomo Metal Corporation (head office: Chiyoda-ku, Tokyo; President: Kosei Shindo; hereinafter, 'NSSMC'), together with Sumitomo Corporation (head office: Chuo-ku, Tokyo; President & CEO: Kuniharu Nakamura), signed the renewal of a Master Agreement for Line Pipe with BP (head office: Saint James Square, UK; CEO: Bob Dudley) in June. This long term agreement is effective from July 1, 2016 for 5 years with an option to extend another 5 years.NSSMC and Sumitomo Corporation have had the long term contract for the supply of Line Pipe since 1990's and have performed a high level of credibility in the industry with regard to product supply, development of customized new products, total solution proposals, cost optimization, and solid delivery service. By making use of the superior technology and services, NSSMC is committed to contributing to BP's exploration and production activities which find resources in challenging locations and require advanced solutions.

For inquiries
Nippon Steel & Sumitomo Metal Corporation
Public Relations Center Tel.: +81-3-6867-2977
Sumitomo Corporation
Corporate Communications Dept. Tel.:+81-3-5166-5375


Nippon Steel & Sumitomo Metal Corporation published this content on 22 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 July 2016 05:58:01 UTC.

Original documenthttp://www.nssmc.com/en/news/20160722_100.html

Public permalinkhttp://www.publicnow.com/view/C572798C2683165C1D6D90F44881606FA53FFAA8