Sumitomo Corp. and Dutch firm Airborne Oil & Gas have signed a worldwide commercial cooperation agreement for the sale and distribution of thermoplastic composite pipe (TCP) products to the global oil and gas industry.
The two firms will lean on leverage each other’s strengths in providing high-end TCP products for riser, flowline and jumper spool applications.
“The intrinsic properties of the TCP, such as no corrosion, low weight, and end-fittings that are installed quickly offshore, provide our clients with unmatched opportunities to reduce cost, both CAPEX and OPEX,” says Martin van Onna, Chief Commercial Officer with Airborne Oil & Gas. “With our DNV qualifications and fast growing track record in the global subsea umbilicals, risers and flowlines (SURF) market, the TCP is widely recognized for its potential as alternative to steel and flexible pipe. This makes 2017 the ideal year to present and introduce the TCP to the global market.”
The two companies will cooperate on projects where the value added to the industry is most compelling. The cooperation will build on proven business cases that deliver a significant reduction in total installed cost as well as a reduction in total cost of ownership, and supply a suite of fully qualified flowlines and jumper spools.
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