Magma Global and Equinor have entered a joint initiative, securing a £10.5 million (US$13.5 million) subsea pipe qualification project.
The £10.5 million program – supported by the non-departmental public body Innovate UK, which is funded by a grant-in-aid from the UK government – will see Magma and Equinor qualify an insulated all carbon fibre subsea pipe envisioned for first use in Norway.
This would be the first step towards Magma’s vision of delivering seabed to surface fluid transfer infrastructure.
“There is no doubt in our minds that the future subsea infrastructure will be dominated by carbon-fibre composites,” said Magma Chief Operating Officer Charles Tavner.
“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.”
Innovate UK Innovation Lead Derek Allen said it was a project worthy of support.
“We are delighted to have supported this innovative project that will ultimately lead to improved efficiency and cost reduction in the UK energy sector.”
For more information visit the Magma website.
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