News

Equinor Joins Magma in Qualification Programme

29 Aug 2018
£10.5m funding secured to qualify an insulated all carbon fibre subsea pipe
Equinor joins Magma in UK government backed qualification programme

ONS, Norway and Portsmouth, UK, 29th August 2018: Magma Global, manufacturer of carbon-fibre composite pipe, today announces a joint initiative with Equinor, previously Statoil, to qualify an all-Magma solution for jumpers, initially envisaged for use in Norway. This secures the £10.5m project being supported by Innovate UK and will be a step towards fulfilling Magma’s vision of owning the fluid transfer infrastructure from seabed to surface.

Charles Tavner, COO at Magma Global, said: “There is no doubt in our minds that the future subsea infrastructure will be dominated by carbon-fibre composites. We have seen acceptance of this from large contractors, each developing their own solution using m-pipe, which is a natural adoption path. This initiative will fast forward the delivery of an all-Magma solution, thanks to funding support from Innovate UK and Equinor’s vision and understanding of how they can best use available technologies.”

Derek Allen, Innovation Lead at Innovate UK, said: “We are delighted to have supported this innovative project that will ultimately lead to improved efficiency and cost reduction in the UK energy sector”

More Entries

Magma Global selected by TECHNIPFMC

Read more

Understanding corrosion of flexible pipes at subsea oil and gas wells

MRS Bulletin investigates: Flexible pipes installed at two offshore natural gas wells…

Read more