Magma US market update
At the Westin Hotel, Houston USA, Magma Global held a market update event for forty senior oil and gas executives, project managers and subsea engineers.
Attending were representatives from BSEE, Shell, Cobalt, BHP, TechnipFMC, JDR, EnPro, Chevron, Exmar, McDermott, OneSubsea, 2H, Intec, Oceanflow, BP, MWCC and Marubeni, as well as other local oil and gas operators and contractors.
The briefing focused on 2017 key milestones for Magma’s m-pipe. This included the fact that m-pipe is currently the only Thermoplastic Composite Pipe product qualified to DNVGL-RP-F119, as verified by DNVGL.
m-pipe uptake was shown to have been rapid since DNVGL product qualification, mainly due to the confidence the oil and gas industry has in the product’s ability to solve production and tieback project challenges with existing steel and non-bonded flexible components, such as deployment weight, corrosion, fatigue and flow rate.
Magma showed m-pipe uptake has been influenced by its development of dynamic open-water applications for hydrocarbon, gas and water injection and, in particular, for high temperature, high pressure and sour service jumper spools, flowlines and downlines. Magma demonstrated that clients have been positively influenced by an ability to develop complete subsea systems and solutions such as the Magma IDP system, currently on rental for a deepwater job in the Gulf of Mexico.
Magma also covered some of the new awards recently received for specialist subsea and onshore deployments, such as composite umbilical components and large diameter composite riser tower solutions, as well as temporary applications such as small diameter flying leads to eliminate flexible hose vacuum collapse risks.
At the networking session afterwards, there were discussions around the recent Magma projects, m-pipe qualification program, and the qualification process for larger diameter production service and dynamic riser systems, which is nearing completion.
Feedback from the event showed that attendees were impressed with the m-pipe product and end fitting test program that resulted in DNVGL product qualification in August 2017.
There was also pleasant surprise expressed at the rapid growth of client take-up of m-pipe for subsea applications, and especially the large project type range and number of subsea deployments throughout 2017 and in progress for 2018.