Oil Country Tubular goods

Oil country tubular  goods includes three types of seamless pipes

1. Drill pipe - heavy seamless tubes that rotate the drill bit and circulate the drilling fluid.
2. Casing pipe - is used to line the hole.
3. Tubing -a pipe through which the oil or gas is produced from the wellbore

1 km = 250tonnes
1 km = 3281 feet
5 million km of pipeline to be replaced in USA.
out of which 85000km in the next year

Demand for pipes depends on

1. No of oil wells being drilled, reworked and completed
2. Depth and drilling conditions of the wells
3. level of E&P and production activities
4. Level of spending by E&P companies