Magma Global and Maritime Developments (MDL) entered into a partnership to develop a well intervention solution for the offshore oil and gas market.
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Image from MDL. |
This partnership aims to meet key common challenges in the well intervention sector by speeding up pipe deployment, reducing project risk and maximizing operator return on investment.
The joint venture will deliver a complete back-deck package for deployment and retrieval of Magma’s m-pipehigh-strength composite pipe product, a carbon fiber pipe manufactured using a high-end oilfield polymer resulting in significantly better high pressure high temperature (HPHT) and sour service capability than traditional steel-based products in deepwater applications.
Magma says its m-pipe is a very high strength pipe with excellent resistance to hydrocarbons and all stimulation fluid types. It has a smooth bore to maximize flow, allowing higher fluid flow rates and pressures to be achieved in well intervention operations.
Complementing m-pipe's unique flexible and lightweight design, MDL will provide a complete deployment and retrieval package, including a bespoke compact vertical lay system (CVLS) with a built-in reel to keep deployment vessel size down and to minimize back-deck footprint.
“Our ongoing partnership with Maritime Developments facilitates a stepwise improvement in current intervention capabilities, combining a high specification pipe with a proven subsea delivery system,” says Stephen Hatton, Magma technical director. “The Maritime Developments system will allow m-pipe to be deployed in a highly efficient and safe manner as a full back-deck solution, with more rapid pipe spooling, deployment and retrieval.”
“Our bespoke design for Magma will optimize the functionality of the m-pipe by using our proven equipment, packaged in a way that will deliver the most efficient footprint for handling the product by the operator,” says Derek Smith, MDL chief executive.“m-pipe is a fantastic product and our handling system complements it perfectly, and that is why we are committed to supporting Magma in this current venture as well as working with them to deliver more rapid and efficient deployment systems.”
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