PUBLISHED ON 03/12/2021

Tenaris announced today it has completed the acquisition of onshore hydraulic fracturing and wireline assets from Baker Hughes Argentina, including a pressure pumping fleet, coiled tubing unit and related equipment.

Javier Martínez Álvarez, Tenaris President for the Southern Cone stated: 'This acquisition will enable us to become a relevant player in the onshore non-conventional services sector, and particularly for the Vaca Muerta shale play. This is a path we began in 2019 with the operation of a first Coiled Tubing unit. We look forward to expanding our product and services offering to our customers in the region'.

Tenaris is a leading manufacturer of steel tubes and related services for the global energy industry and certain other industrial applications.

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Tenaris SA published this content on 12 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 02:43:04 UTC.