TechnipFMC, Magma to cooperate on hybrid flexible pipe
TechnipFMC has agreed on a collaboration with Magma Global to develop a new type of hybrid flexible pipe for use in offshore applications.
The two companies expect the HFP to deliver increased strength and fatigue performance, and weight/cost reductions, for subsea fluid transport.
TechnipFMC will also acquire a minority stake in Magma Global.
Barry Glickman, president of Engineering, Manufacturing & Supply Chain at TechnipFMC, said: “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 offshoredeepwater fields.”
Martin Jones, Magma Global’s CEO, added: “We believe that [TechnipFMC’s] 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.”