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TMK invites oilfield services innovators to pilot solutions

TMK-Premium Service, part of TMK, has launched TMK-Premium Service Pilot Track, a platform to source innovation from outside the Company. Under the program, TMK-Premium Service will select and test startup initiatives covering various aspects of premium tubular services for the oil and gas industry as well as the development of high-tech threaded connections and business process optimization.

The Company is particularly focused on AR/VR-based digital solutions to improve occupational health and safety, solutions for high-tech labeling and end-to-end accounting for pipe and tubular products, corrosion monitoring, M2M and IoT projects, electronic document management, and hydrogen energy.

The startups will benefit from an accelerated project review process, as well as from the opportunity to fine-tune their solutions to match TMK’s specific needs and launch a pilot.

Sergey Rekin, CEO of TMK-Premium Service, said: “We have a track-record of many years of successful R&D, working both independently and in partnership with our customers – major oil and gas companies. To accelerate this further, TMK-Premium Service is launching a selection process for technology-driven projects from outside our company. We aim to build a robust framework for testing and implementing breakthrough solutions introduced by external parties, to enable us to respond faster to market demands, integrate services, improve the technical performance of our products, and enhance our business processes. We hope to have at least five projects piloted in 2022.”

Applicants can find a full list of the areas where TMK is looking for pilots on the program’s website, where they can also apply (https://pilottrack.tmk-group.ru/). There is no deadline for applications. Both legal entities and individuals are invited, as well as R&D institutions and centers which are ready to present their solutions as at least minimum viable products (MVPs).

The new dedicated program for oilfield services complements TMK’s overall priorities when seeking out external innovation projects. In August 2021, the Company also launched its corporate accelerator, with TMK’s R&D facility in Skolkovo acting as its integrator (https://innovations.tmk-group.ru/).

TMK-Premium Service was founded in 2007 to develop and promote oil country tubular goods (OCTG) with premium connections, as well as provide related services. The company supplies a full range of high-tech threaded connections and OCTG and offers related services in Russia, the CIS, and non-CIS countries. To improve the technical performance of its products, the company is engaged in R&D at TMK’s R&D facility.