Victrex plc (Victrex) and Magma Global Ltd. (Magma) are continuing to build their strategic partnership targeted at the oil and gas industry. Following the joint development of Magma carbon composite m-pipe® utilizing VICTREX™ PEEK, Victrex recently invested in a minority interest in Magma to further facilitate the adoption of its m-pipe® for subsea applications. The investment is in line with Victrex´s strategy to create future value through innovation and further differentiation into selected semi-finished and finished products, in addition to supplying the core high performance polymer. The innovative m-pipe® technology is expected to reduce exploration and production costs and risks for demanding subsea applications – and is also the subject of a webinar covering engineering, performance and commercial benefits.
Increasingly stringent demands for operations at greater depths, with sour service demands, and under higher pressures and temperatures, have made a metal replacement for subsea piping an urgent priority for the oil and gas industry. "Our strategic relationship with Magma Global will help to further facilitate the industry´s move into a new era of enhanced capabilities, coupled with reduced costs, in extreme subsea operations," commented James Simmonite, Energy director at Victrex.
“The Oil & Gas market remains challenging, but the application of m-pipe® in areas where it can deliver cost savings for operators, through simpler design, easier deployment and in whole life costs, means it should be the technology of choice for demanding subsea applications," said Martin Jones, CEO at Magma. Continued progress of the company last year also included the launch of a leading rental system for hydraulic pumping for intervention, early production and temporary riser replacement, consisting of m-pipe® with an Integrated Deployment Package and crew.
Upcoming webinar outlines technical advances possible using VICTREX PEEK based m-pipe®
With cooperation between the two companies continuing to grow and bear fruit, both are joining Smithers Rapra in hosting, on Wednesday 22 February, a free webinar concerning the use of Victrex´s polymer in the construction of thermoplastic composite pipes (TCPs) for subsea environments. In particular, the webinar will outline the technical advancements now made possible by the VICTREX PEEK-based m-pipe® from Magma, including the engineering, performance and commercial benefits. The webinar will focus on SURF, subsea jumpers and subsea connectivity. The qualification process for m-pipe® will be described, as well as the outstanding properties of PEEK polymer which, together, make it an excellent fit for subsea applications.
Further information on the upcoming webinar hosted by Smithers Rapra
• The specific and unique demands of Oil & Gas transportation systems on polymers and composites, and how VICTREX™ PEEK polymer meets these challenges
• The qualification process for the VICTREX PEEK-based m-pipe®
• The engineering, performance, risk and cost reduction opportunities through using m-pipe®
• Dr. David Charlesworth, Head of Engineering, Magma Global
• Dr. Geoff Small, Energy Market Technology Manager, Victrex
Save the date:
• “The Durability of PEEK Polymers in Thermoplastic Composite Pipes for Subsea Oil & Gas Environments”
• Wednesday, 22 February 2017
• 4:00pm CET / 3:00pm GMT / 10:00am EDT / 7:00am PDT
• Duration: 45 minutes, followed by a 15-minute Q&A session
Register now for this free webinar!
Caption: Magma m-pipe®, made from VICTREX™ PEEK-based solutions, used in next-generation jumper assemblies. © Magma Global Limited
Further information on Victrex solutions for the Oil and gas industry: https://www.victrex.com/en/energy
m-pipe® is a registered trademark of Magma.
Supporting information for performance claims in this press release is available on individual request from Victrex.