Saudi Steel Pipe Company (SSP) said its consolidated subsidiary, Global Pipe Company (GPC), has signed a contract with Subsea 7 Saudi Arabia for the supply of line pipe for an offshore redevelopment project.
The contract is valued at approximately SAR 300 mln (USD 80 mln) and has a duration of 11 months. Saudi Steel Pipe said the financial impact of the contract is expected to be reflected in the fourth quarter of 2026.
SSP specializes in manufacturing and supplying Electrically Resistance Welded (ERW) steel pipes, serving the energy, industrial, and construction domains across the Middle East and North Africa. The company offers a comprehensive array of products, including Oil Country Tubular Goods (OCTG), line pipes, API and premium connections, accessories, and associated services. With an annual production capacity surpassing 400,000 tons and encompassing sizes ranging from 1/2 inches to 20 inches OD, SSP also provides coating services for up to 30 inches and bending services for up to 60 inches OD.
GPC manufactures Longitudinally Submerged Arc Welded (LSAW) pipes in sizes ranging from 16 to 60 inches in outer diameter.
1 USD / 3.75 SAR
