TechnipFMC and Magma Team Up on Hybrid Flexible Pipes

TechnipFMC has agreed the terms of a collaboration agreement with Magma Global to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications.

HFP is expected to provide increased strength and fatigue performance, while also achieving weight and cost reductions, for subsea fluid transport applications.

As part of the collaboration, TechnipFMC is purchasing a minority stake in Magma Global.

Barry Glickman, president of Engineering, Manufacturing & Supply Chain at TechnipFMC, stated: “I am very pleased that we have reached this agreement with Magma, which will further enhance TechnipFMC’s Subsea 2.0 product platform. The lighter, higher performance, and more cost-effective HFP solution, will enable TechnipFMC to strengthen its leadership position in the flexible pipe business and address the new challenges of offshore deepwater fields.”

Martin Jones, Magma Global CEO, said: “We are delighted to be working with TechnipFMC and believe that their vision for a hybrid flexible product provides a logical step for the increased adoption of carbon composites in full field developments, paving the way towards Magma’s long-term vision of an all composite subsea infrastructure from the seabed to the surface. Ultimately we will deliver that by continuing to offer the unique benefits of Magma’s m-pipe to a wide range of industry players and applications.”

Share this article

Follow Subsea World News

Events>

<< Jan 2019 >>
MTWTFSS
31 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 30 31 1 2 3

Subsea Expo Conference

The Subsea Expo Conference runs multiple parallel sessions over three days and attracts a broad range of experts to discuss…

read more >

ACENS 2019

Submission shall pass the double blind paper review first in order to be presented in the conference…

read more >

iXblue Annual User Conference

This one-day event is a golden opportunity for participants to share their experience on the latest technologies…

read more >

European Gas Conference

Alongside our hosts OMV and the largest delegation of Gazprom attendees, the European Gas Conference…

read more >