Airborne Oil & Gas announced the addition of Aker Solutions as strategic shareholder to further integrate and diversify Airborne’s range of thermoplastic composite pipe (TCP) solutions for the international sub-sea sector.
The global engineering company joins Airborne Oil & Gas’ shareholder base of Chevron Technology Ventures, Evonik Venture Capital, Saudi Aramco Energy Ventures, Shell Ventures, Subsea 7, Sumitomo Corporation and the private equity investor, HPE Growth Capital.
The collaboration will see the firm utilizing TCP to improve field development economics globally.
TCP has been proven to outperform steel and other pipeline materials in terms of durability, corrosion resistance and total installation costs. It is manufactured from a composite of fibres and polymers making it flexible and spoolable with continuous lengths up to 4km and above.
It is built to handle design pressures up to 15,000 psi/1,050 bar and temperatures up to 121˚C/250˚F. Its long length and low weight allow for much faster and cheaper installation, creating more options in the overall project development schedule.