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| October 23, 2007
Alcoa Launches Oil and Gas Web Site Highlighting New Technologies for Offshore Exploration and Production
NEW YORK & HOUSTON--(BUSINESS WIRE)--Alcoa announced today that it has launched a new website (www.alcoaoilandgas.com)
that highlights the significant advantages of its technologies for
providing better program economics, speed, and range versus traditional
materials used in oil and gas exploration and production. In particular
for offshore operations, Alcoa is developing and deploying technologies
capable of reducing overall weight on a rig by more than 1,000 tons,
which will help enable the industry to economically reach reserves
previously thought to be too expensive to develop.
“These products are highly engineered and are
designed with the same leading edge technologies as Alcoa applies to the
aerospace industry. Through the unique combination of innovative
proprietary alloys, engineering and design expertise, and unparalleled
manufacturing assets we will allow the industry to drill faster,
farther, and deeper in offshore and extended reach operations,”
said Curtis Samford, Alcoa’s leader for Oil
and Gas. “We believe this makes Alcoa a
unique, competitive and immediate player in this market,”
Samford said.
Alcoa’s current product portfolio includes
riser components and drill pipe. Several new technologies are under
development including ultra-light choke and kill line retrofits, landing
strings, completion risers, pressure vessels, and other tubular
products. Alcoa is also utilizing its vast global forging infrastructure
and engineering design expertise to develop unique products in a variety
of materials including aluminum, steel, stainless steel, titanium, and
various nickel based super alloys.
From the website, customers can learn about Alcoa’s
products and their specifications; manufacturing and product design
capabilities; get an overview of the company’s
technological expertise; and learn about products under developments in
this important market segment for the company.
Alcoa recently opened an office in Houston to support this market.
About Alcoa
Alcoa is the world's leading producer and manager of primary aluminum,
fabricated aluminum and alumina facilities, and is active in all major
aspects of the industry. Alcoa serves the aerospace, automotive,
packaging, building and construction, commercial transportation and
industrial markets, bringing design, engineering, production and other
capabilities of Alcoa's businesses to customers. In addition to aluminum
products and components including flat-rolled products, hard alloy
extrusions, and forgings, Alcoa also markets Alcoa®
wheels, fastening systems, precision and investment castings, structures
and building systems. The company has 116,000 employees in 44 countries
and has been named one of the top most sustainable corporations in the
world at the World Economic Forum in Davos, Switzerland. More
information can be found at www.alcoa.com
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