Early in 2001, Essentra Pipe Protection Technologies expanded its operations into the Latin American market. Essentra is a world-leading manufacturer of thread protection innovations and products for the constantly evolving oil and gas industry. They also have facilities located in other high output oil producing nations. Essentra has additional plants and offices in Houston, Texas, Leduc, Alberta, and Aberdeen, Scotland. This gives them a global presence in the Oil Country Tubular Goods (OCTG) market. OCTG refers to the casing and tubing, oil line pipes and other types of pipe currently used by oil rigs and pipelines in the oil and gas industry.
Advantages Of A Mexican Facility
Expanding into Latin America was the next logical step in the company’s master plan. This move enabled Essentra to become one of the world’s leading manufacturers and suppliers of top notch pipe and pipe protection products. The facility was built in Veracruz, Mexico, minutes away from the city’s shipping port. It also has quick and easy access to railway and highway transportation.
Latin America is the most rapidly changing and dynamic oil map in the world. Gas and oil production and exploration in the region, has a huge impact on the worldwide demand for pipe, and pipe protection products and technology. In fact, the entire continent is located on top of vast oil and gas deposits, just waiting to be developed and drilled. This has dramatically increased Latin America’s presence in the industry, especially in place such as Brazil, Argentina, Venezuela, and Ecuador.
With assistance from foreign investors, development of these reserves has grown by leaps and bounds. It’s estimated that Argentina has a crude oil reserve of 2.5 billion barrels. The Vaca Muerta field alone has approximately 20 billion barrels just waiting to be collected. Argentina also has the biggest supply of natural gas in South America.
Brazil has oil reserves of approximately 14 billion barrels. It has a crude deposit of 6.5 billion barrels, sitting 18,000 feet below the surface of the Atlantic Ocean. Even tiny Ecuador is vital to the blossoming oil industry in Latin America. Ecuador also has large amounts of crude oil deposits waiting to be extracted. Venezuela, located in the continent’s top north has reserves of over 211 billion barrels, with that number expected to rise.
Demand For Essentra Products
With all the exciting new developments happening in Latin America, demand for Essentra’s products is going to skyrocket. With the Veracruz facility, they can get their top quality technology and products there, quickly and efficiently. Essentra has the latest technology, innovative ideas, and broadest range of pipe and thread protection products in the world. Their api thread protectors come in both steel or plastic, and are meant for use on both on and offshore oil rigs. They use only the latest, most technologically superior injection molding and CNC machines in the industry. This ensures their products meet the most rigid ISO quality standards.
Safety, easy installation, speedy distribution, and every type of pipe and pipe protection product available, makes Essentra the perfect choice for companies operating in Latin America. Contact us today for a catalog of our products or to request samples.