ZAWYA: Strohm secures contract for ultra-deepwater TCP jumpers in Southeast Asia

What happened

Strohm secured a medium-sized contract to supply four carbon fibre PA12 thermoplastic composite pipe jumpers for an ultra-deepwater field in Southeast Asia. Each 6.9-inch jumper is about 1,000 metres long, and they will operate at water depths exceeding 2,200 metres.

Confirmed

Global impact / market context

The award expands Strohm's thermoplastic composite pipe business in Southeast Asia and continues its work with McDermott, which procures and installs the jumpers for a major international operator. That could support Strohm's revenue and its case for wider use of composite pipe in deepwater projects.

Analyst inference

Ultra-deepwater developments need equipment that can be installed with existing vessels. Strohm says its pipe is lightweight and spoolable, which means it can be wound onto a reel, and long-length delivery allows installation with light or medium offshore construction vessels, potentially reducing installation needs.

Analyst inference

What to watch

1. McDermott's Subsea and Floating Facilities business line will procure and install the four jumpers on behalf of a major international operator, using a vertical lay system to place the pipe offshore. Confirmed
2. Watch whether Strohm announces further Southeast Asia contracts, since it said the award strengthens its presence there and positions it to support the next phase of deepwater energy development. Proposed
3. Watch whether this contract leads to more orders using light or medium vessels, since lower installation requirements could make composite pipe more cost-effective for operators compared with heavier steel alternatives. Analyst inference

Evidence

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