Australia: Matrix Receives New Subsea Development Contracts

Australia: Matrix Receives New Subsea Development Contracts

Matrix Composites & Engineering announced that it has been awarded new contracts totaling USD$48.2 million for the supply of drilling riser buoyancy, centralisers and distributed buoyancy for use in subsea development and onshore environments.

Drilling Products

The contracts to manufacture and supply drilling riser buoyancy are from a major Korean shipbuilder and a US based drilling contractor for use on four rigs. In addition there is an option to supply additional buoyancy valued at USD$23 million bringing the total including the option to USD$71.2 million.

Matrix has recently completed the development and testing of its 12,000 ft drilling riser buoyancy modules to API 16F standards. It is currently fulfilling an order for 12,000 ft riser buoyancy for delivery at the end of the year. The Company is also in the process of developing 13,000 to 15,000 ft riser buoyancy modules for use in ultra deep subsea environments. With the largest hydrostatic pressure testing facility in the world which can test buoyancy systems to a service depth of 17,500 ft, Matrix is well positioned to capture further market share as the industry moves towards deeper water drilling.

SURF Ancillary Equipment

Matrix’s subsea, umbilical, riser and flowline (SURF) ancillary equipment line has been growing steadily. The Company was recently awarded a significant contract from a new client to supply distributed buoyancy. The buoyancy will be used on a project in West Africa that is being developed by a major French oil producer. With the area becoming one of the world’s top oil regions, West Africa is a key focus of Matrix.

Well Construction Products

The Company has recently signed a supply agreement with a major US operator for its low friction centralisers. The operator is transitioning its entire land based rig fleet to Matrix centralisers which will allow them to run water based muds instead of oil based muds.

Matrix has recently released two new patented, low friction composite drilling and completions centralisers. The Matrix ‘Wide Blade’ low friction centraliser was released in May and is for use in applications that demand a heavier duty solution whilst retaining the benefits of a non-metallic centraliser. The Matrix ‘Revolution’ centraliser is an ultra low friction composite centraliser designed for extremely challenging, longer deviated wells. It is made using very low friction materials and has a 50 per cent lower dry static co-efficient of friction that competing technologies.

“We are very happy with the progress we are making in our newer product groups including SURF ancillary equipment and well construction products. The global markets for these products are significant and our recent product releases have been extremely well received by the marketplace”, says CEO Aaron Begley.

Matrix is involved in the design, testing, manufacture, distribution and service of a range of engineered products used in the oil and gas, and resources industries. Matrix manufactures technically advanced products using composite and polymer materials that originate from the aerospace and defence industries. It is the use of innovative and advanced materials technology that has given the Company a market leading position in the manufacture of riser buoyancy modules.

Subsea World News Staff , July 10, 2012;  Image: Matrix

Share this article

Follow Subsea World News

Events>

<< Feb 2016 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 1 2 3 4 5 6

FPSO Europe Congress

 

Pursuing Cost-Optimization & Project Excellence across Europe’s FPSO Value Chain!

Launched to great success in 2015, the FPSO Europe Congress is set to return on 24-25 February 2016 in London for yet another exciting gathering of Europe’s leading oil operators, FPSO contractors, EPCs, shipyards and solution providers to discuss the most topical and critical FPSO developments in the North Sea, Latin America, Brazil and West Africa market.

 

Why Attend the 2nd Annual FPSO Europe Congress?

  • Discover how FPSO leaders are embracing the new realities of a low oil price environment – what are the strategies to adopt in pursuit of viable economical FPSO projects?
  • Brainstorm with industry experts on innovative FPSO engineering, construction and technology breakthroughs leading to significant CAPEX and OPEX savings
  • Review, refine and optimize your existing FPSO operations – how can we enhance oil recovery and extend FPSO asset lifetime?
  • Learn from FPSO experts on the ins-and-outs of delivering successful FSPO projects in North Sea, West Africa, Latin America and Brazil – how can we comply with local content and form effective native partnerships?
  • Engage and form sustainable partnerships with European-based oil companies and FPSO contractors that are leading offshore E&P and FPSO projects in the region

 

2016 FPSO Distinguished Speakers Include:

  • Curtis Lohr, Stones Project Manager, Shell
  • David Hartell, Senior Development Manager, Premier Oil
  • Terry Hughes, Project Director, Tullow Oil
  • Sid Sircar, Facilities Delivery Manager – Catcher Development, Premier Oil
  • Michael Wyllie, Group Technology Director, SBM Offshore
  • Chris Brett, President, Teekay Offshore
  • Puneet Sharma, Vice President, MODEC
  • Eirik Barclay, CEO, Yinson Production

 

The FPSO Europe Congress 2016 is proud to bring you an updated program offering fresh perspectives, creative solutions and critical market intelligence fundamental to FPSO business sustainability as we discuss just HOW and WHAT you can do in pursuit of a viable, efficient and safe FPSO strategy.

For more information please visit the website at http://goo.gl/uvYsrk or email rani.kuppusamy@fpsonetwork.com

 

read more >

Topsides Platforms & Hulls

Topsides, Platforms & Hulls Conference & Exhibition is the offshore industry’s only event dedicated to the topsides, platforms and hulls…

read more >

The 16th North Sea Decommissioning Conference

The 2016-programme has been composed to shed light on the effect of the current low oil-price environment on the decommissioning market…

read more >

Substructures for UK Offshore Wind

Design, construction and installation

Optimising offshore substructures is one of the key challenges for reducing LCOE. Foundation designers have produced a variety of different solutions: monopiles, GBS, jackets, suction buckets and floating foundations. Looking at U.K. projects – different soils, water depths,fabrication timelines and installation challengescreate many questions for the industry to solve. We’re entering uncharted territory; projects arelarger, farther and more complex than ever completed.

Now is the time to have a close look at lessons learnt and define the room for improvement for the U.K. wind industry.

More Info

read more >