Tulsa, OK-based Gunnebo Johnson Corp. has been awarded a multi-year contract from National Oilwell/Varco to supply 95 inch diameter sheaves to a value of $3,400,000. The sheaves will be used in motion compensation equipment produced by National Oilwell/Varco for use on five offshore semi-submersible drilling rigs. The rigs will be capable of drilling for oil and gas in water depths up to 12,000 feet.

“This is a large and strategically very important order for us”, said Bill Shenloogian, president.

“While Gunnebo Johnson's market leadership in the on-shore construction related segments is well documented, the award of a contract of this magnitude and value, coming from the offshore market, is especially gratifying.”

Gunnebo Industrier AB is in 13 countries and has 50 distributors and agents worldwide. The group develops, manufactures and markets chain and lifting components, fastening systems for the building industry, blocks and systems for heavy lifting, non-skid products and telescopic ladders.

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