Subsea 7 becomes Airborne Oil & Gas shareholder
Offshore installation and construction company Subsea 7 has become a shareholder of Airborne Oil & Gas (AOG), a manufacturer of Thermoplastic Composite Pipe (TCP) for oil & gas applications.
Marnix Boorsma, CEO Airborne Oil & Gas “We are proud of our shareholder base, which already included Shell, Chevron, Saudi Aramco and Evonik. We are delighted to be able to work with Subsea 7. They will contribute importantly to our overall value proposition, especially given the role that installation contractors nowadays are increasingly taking in the industry. Subsea 7 is optimally positioned to advise energy companies at an early stage on the best pipe structure and set-up.
He said that Subsea 7’s significant presence in Brazil supported AOG’s business – especially regarding deepwater opportunities.
According to AOG, thermoplastic Composite Pipe (TCP) offers a “radical reduction in cost and improvement in asset integrity,” both for greenfield and brownfield developments in all regions and water depths.