Alcoa Aluminum Alloy Drill Pipe (AADP) Selected by Fugro for Offshore Drilling Projects

Wed Jan 16, 2013 8:30am EST

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Lightweight aluminum allows doubling of offshore operating depth
NEW YORK--(Business Wire)--
Alcoa Oil & Gas, an Alcoa (NYSE:AA) business, will supply 5,300 meters (17,400
feet) of Aluminum Alloy Drill Pipe (AADP) to Fugro McClelland Marine Geosciences
of Houston and Fugro Singapore PTE, LTD for use in offshore geotechnical survey
drilling projects. Fugro McClelland Marine Geosciences is a world leader in
marine geophysics and seafloor mapping in support of resource development,
engineering and scientific projects. 

Fugro will use Alcoa`s 5-inch diameter AADP for global, offshore, geotechnical
surveys in water depths ranging up to 3,000 meters (1.8 miles). These surveys
are a critical first step in determining whether a site is geologically suitable
for a particular application, such as construction of offshore oil and gas
drilling or production platforms. Alcoa`s drill pipe is composed of
high-strength, aluminum alloy tube connected by a proprietary thermal joining
technology, which enables conventional steel tool joints to be used with an
aluminum alloy pipe body. This innovative coupling of aluminum and steel
provides a strong yet lightweight solution for deep water drilling resulting in
increased cost efficiencies. 

"We decided to use Alcoa Aluminum Alloy Drill Pipe because it is approximately
half the weight of steel, allowing us to double our offshore operating depth,"
said Ken Taylor, Operations Manager, Fugro McClelland. "Another factor in our
decision was Alcoa`s status as a worldwide leader in aluminum, which can support
our efforts with advanced metallurgical technology and innovation." 

Alcoa produces the aluminum tubes at its Lafayette, Indiana, facility. 

"Fugro`s decision to use Alcoa`s AADP for such a critical application is a
testament to our core value proposition, which is to extend the drilling range
of existing assets," said Jay Grissom, Marketing Director of Alcoa Oil & Gas. 

Alcoa`s AADP was also successfully used in complicated deep water drilling
applications by Brunei Shell Petroleum Co. Sdn. Bhd., offshore Seria, Brunei, to
a total depth of 7,485 meters (4.6 miles) in about 60 meters (197 feet) of
water. 

About Alcoa Oil & Gas Inc.

Alcoa Oil & Gas Inc. ("AOG") is a division of Alcoa, the world`s leading
producer of primary and fabricated aluminum, as well as the world`s largest
miner of bauxite and refiner of alumina. The company produces lightweight,
high-strength aluminum alloy drill pipe in 4-1/2", 5", 5-1/2", 5-7/8" and 6-5/8"
diameters. In addition, AOG manufactures subsea riser components and assemblies,
casing, core barrels and down hole tubular products, conveying pipe, extruded
tubing and shapes, and offers large-scale closed-die forging capabilities. 

About Alcoa

Alcoa is the world`s leading producer of primary and fabricated aluminum, as
well as the world`s largest miner of bauxite and refiner of alumina. In addition
to inventing the modern-day aluminum industry, Alcoa innovation has been behind
major milestones in the aerospace, automotive, packaging, building and
construction, commercial transportation, consumer electronics and industrial
markets over the past 125 years. Among the solutions Alcoa markets are
flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa
wheels, fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as titanium and
nickel-based super alloys. Sustainability is an integral part of Alcoa`s
operating practices and the product design and engineering it provides to
customers. Alcoa has been a member of the Dow Jones Sustainability Index for 11
consecutive years and approximately 75 percent of all of the aluminum ever
produced since 1888 is still in active use today. Alcoa employs approximately
61,000 people in 30 countries across the world. More information can be found at
www.alcoa.com. 

About Fugro

Fugro`s mission is to be the world`s leading service provider for the collection
and interpretation of data relating to the earth`s surface and sub-surface. The
company also provides associated services and consultation in support of
infrastructure development on land, along the coast, and on the seabed. Fugro`s
activities are carried out across the world, onshore, offshore and from the air,
and primarily serve the oil and gas industry, construction industry, the mining
sector, and governments around the globe. For more information, please visit the
company`s website at http://www.fugro.com.

Alcoa
Investor Contact
Kelly Pasterick, 212-836-2674
Kelly.Pasterick@alcoa.com
or
Media Contacts:
Monica Orbe, 212-836-2632
Monica.Orbe@alcoa.com
or
Alcoa Oil & Gas
Marian Lowes, 216-641-5557
Marian.Lowes@alcoa.com


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