Cenergy Holdings announces that Corinth Pipeworks, its steel pipes segment, as a subcontractor for Sumitomo Corporation Europe Limited, will manufacture and supply approximately 160km of longitudinally submerged arc-welded steel pipes (LSAW) for the development of an offshore natural gas pipeline for OMV Petrom’s Neptun Deep project in the Black Sea.

This major contract is valued between EUR 100 and 150 million. The Neptun Deep Block in the Black Sea has an area of 7,500 sq. km and is located at a distance of about 160km from the shore of Romania, in water depths up to 1,000 meters.

Neptun Deep is the largest natural gas project in the Romanian Black Sea and the first deepwater offshore project in Romania.

The 30-inch pipeline will be manufactured at Corinth Pipeworks’ facilities and will include external anticorrosion coating and internal flow efficiency lining, applied at the same location as pipe manufacturing at Thisvi, Greece.

Corinth Pipeworks has a comprehensive portfolio of products and solutions to supply and deliver challenging, current and future offshore development projects, using the latest welded linepipe technology.

“We are particularly delighted to be awarded this major project by Sumitomo Corporation Europe Limited, a trusted partner of OMV Petrom, the largest integrated energy company in Southern and Eastern Europe”, stated Ilias Bekiros, General Manager of Corinth Pipeworks.