The start of a new year is always a good time to reflect on the journey so far and what the future holds. For Magma it has been a long journey since we first introduced our PEEK carbon fibre m-pipe to the oil and gas industry. It’s been an amazing decade which has seen significant technology development, the creation of specific DNV standards for our product and the increasing acceptance of this technology as delivering significant cost benefits, enabling and simplifying new architectures.
The massive strides made in 2018 both in deployment and the broader acceptance of m-pipe have played their part in leading the wider industry acceptance of thermoplastic composite pipe. The stage is now set for widespread adoption in response to the continued drive for simpler, lighter and more cost effective solutions.
As I look forward, we face an exciting year ahead, we have a number of significant deliveries to make in 2019 and a major focus for us is also our key strategic programmes which will see Magma focused on delivering a Hybrid Flexible Pipe (the next generation Flexible) for riser application in Brazil with our partner TechnipFMC and delivering a hybrid riser tower with our partners Ocyan and BrasFells.
Our thanks goes to all our customers and partners who continue to support us on this exciting journey.
The path hasn’t always been easy but Magma remains true to its mission to deliver the worlds most reliable and cost effective pipe for subsea exploration and production and in so doing speed delivery, reduce cost and improve performance for all our customers.