TechnipFMC, Magma Global collaborate hybrid flexible pipes

TechnipFMC, Magma Global to collaborate on hybrid flexible pipes

11:27 AM, 23rd March 2018
TechnipFMC logo

LONDON, UK/ PARIS, FRANCE/ HOUSTON, US: TechnipFMC (FTI) has agreed to collaborate with Magma Global Ltd 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 dramatic weight and cost reductions, for subsea fluid transport applications. As part of the collaboration, TechnipFMC is purchasing a minority stake in Magma Global.

“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,” said Barry Glickman, president of engineering, manufacturing & supply chain at TechnipFMC.

“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,” added Martin Jones, Magma Global CEO.

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