Airborne Oil & Gas, the manufacturer of Thermoplastic Composite Pipe (TCP) for oil & gas applications, announces the latest addition to its shareholder base with Subsea 7. Subsea 7 is a specialist in seabed to surface engineering, construction and service contractor.
The investment by Subsea 7 entails a partnership of strategic importance to both parties providing the oil & gas industry with cost effective pipe technology solutions that are non-corrosive, light-weight, simpler and faster to install.
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. Their significant presence in Brazil, a key region for Airborne Oil & Gas’ activities, supports our business – especially regarding deepwater opportunities. We look forward to collaborate with Subsea 7, also on the development of other innovative pipe solutions for the industry.”