HOUSTON--(BUSINESS WIRE)--October 31, 2017 &dash; NOW Inc.'s (NYSE:DNOW) U.S. subsidiary DNOW L.P. is proud to announce its Master Distribution Agreement with Global Tubing, a Forum Energy Technologies company (NYSE:FET). Under this agreement, DistributionNOW becomes Global Tubing's preferred partner to distribute its portfolio of coiled line pipe products in the USA.
Scott Hauck, NOW Inc.'s President of Energy Centers, remarked, "We are excited to partner with Global Tubing on their API-licensed steel coiled line pipe product offering. This agreement is another example of our ability to bring innovative solutions to our established customer base. Global Tubing's capability to produce and deliver world-class coated steel line pipe for use in high pressure oil & gas applications gives our customers a great opportunity to reduce installation time and mitigate numerous supply chain risks associated with laying other pipe products."
Neal Lux, Global Tubing's Managing Director, commented, "As a leader in its segment, DistributionNOW is the ideal partner to cooperatively market steel coiled line pipe from Global Tubing. Our innovative solution significantly reduces the number of field welds and installation time, thus reducing CAPEX and greatly speeding-up a well's production start. We are, in-fact, delivering an evolutionary pipeline solution to the industry."