What Magma Global does

Magma Global is a Portsmouth, UK-based designer and manufacturer of m-pipe, a thermoplastic composite pipe (TCP) made from carbon fibre reinforced Victrex PEEK polymer that is fused layer-by-layer using a proprietary automated robotic laser process. The company was founded by Martin Jones in 2010 and serves the subsea oil and gas industry, providing pipe solutions for risers, jumpers, flowlines, and intervention lines to deepwater operators and drilling contractors globally, with deployments in the Gulf of Mexico, North Sea, West Africa, Mediterranean, Adriatic Sea, and Middle East.

m-pipe combines high strength-to-weight ratio (6x that of steel), 1/10th the weight of steel in water, corrosion immunity in sour and sweet service, high-temperature capability up to 200°C, and pressure ratings up to 20ksi, with continuous spoolable lengths up to 6,000m. m-pipe is the first TCP product to complete qualification to DNVGL-RP-F119 with third-party verification by DNV GL. The portfolio extends to engineered variants including the Magma Riser (Single Leg Offset Riser), a Hybrid Flexible Pipe co-developed with TechnipFMC for ultra-deepwater free-hanging catenary risers, an insulated m-pipe variant using Shawcor's Thermotite Ultra technology, and a mobile In Country Manufacturing Module for on-site production.

Magma generates revenue through project-based direct sales of m-pipe products to enterprise customers, supplemented by strategic channel partnerships with TechnipFMC (Hybrid Flexible Pipe) and Transocean (exclusive supply for the Risex drilling riser system). The company sells primarily through technical enterprise field sales with engineering-led qualification support and has exclusive or strategic partnerships with Victrex (PEEK supply), Shawcor (insulation), and Maritime Developments (deployment systems). In October 2021, TechnipFMC acquired Magma Global for $64 million; Magma continues to operate as an independent business within the TechnipFMC group.

Name

Magma Global

Legal name

Magma Global Ltd.

Website

https://magmaglobal.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Magma Global designs and manufactures m-pipe, a carbon fibre reinforced PEEK thermoplastic composite pipe for subsea oil and gas risers, jumpers, flowlines, and intervention lines. It serves major operators (Eni, Shell, HWCG, Saipem) and drilling contractors (Transocean) globally, and operates as an independent subsidiary of TechnipFMC following its 2021 acquisition.

Ownership category

akta.pro rank

Product category

Subsea Oil and Gas Composite Pipe

NAICS

Plastics Pipe and Pipe Fitting Manufacturing (326122), Oil and Gas Pipeline and Related Structures Construction (237120)

SIC

Oil & Gas Field Machinery & Equipment (3533), Steel Pipe & Tubes (3317)

akta.pro primary industry

Pipes & Tubing (Metal, Plastic & Composite) (IMADALAC)

akta.pro secondary industry

Slurry, Dewatering & Process Pumps (Pumps, Valves, Piping for Mine/Plant) (IMAKANAI)

Keywords

• Thermoplastic composite pipe
• Subsea oil gas pipe
• Carbon fibre PEEK pipe
• Subsea risers jumpers
• Flexible pipe manufacturing

Headquarters

HQ city

Portsmouth

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Infrastructure, Operations, Marketing or Sales

Revenue model

1. m-pipe Product Sales: Sale of carbon fibre PEEK composite pipe products for subsea oil and gas applications including risers, jumpers, flowlines, and intervention lines. Products are manufactured to customer specifications with various pressure ratings and diameters. Revenue generated through direct product sales to operators and contractors.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Magma Global designs and manufactures m-pipe, a thermoplastic composite pipe made from carbon fibre reinforced Victrex PEEK polymer, fused layer by layer using a proprietary automated robotic laser process. m-pipe is sold as risers, jumpers, flowlines, and intervention lines for subsea oil and gas applications, offering 1/10th the weight of steel, 6x strength-to-weight ratio, corrosion resistance, pressure capability up to 20ksi, and 25+ year service life. Variants include the Magma Riser (SLOR), Hybrid Flexible Pipe, insulated m-pipe, and on-site manufacturing via the In Country Manufacturing Module.

Product overview

Magma Global offers a focused portfolio centered on m-pipe, a PEEK and carbon fibre thermoplastic composite pipe for subsea oil and gas applications. The core m-pipe product serves as flowlines, jumpers, intervention systems, and risers, and is available in standard and insulated variants. The company has developed proprietary riser configurations including the Magma Riser (Single Leg Offset Riser design) and co-developed the Hybrid Flexible Pipe (HFP) with TechnipFMC for ultra-deepwater applications. An In Country Manufacturing Module enables on-site production. The company operates as an independent business following acquisition by TechnipFMC in 2021.

Differentiator

Problem solved

Functional benefit

Brands

• m-pipe: PEEK and carbon fibre composite subsea oil and gas pipe; the world's toughest carbon fibre pipe designed for risers, jumpers, and intervention lines for subsea exploration and production.

Products and services

• m-pipe Thermoplastic composite subsea pipe combining carbon fibre and Victrex PEEK polymer via automated laser fusion manufacturing. Offers 1/10th the weight of steel, 6x strength-to-weight ratio, corrosion resistance, flexibility, spoolability, pressure capability up to 20ksi, and 25+ year service life for risers, jumpers, flowlines, and intervention lines in subsea oil and gas. Designed for oil and gas operators and subsea contractors.
• Magma Riser Single Leg Offset Riser (SLOR) configuration using m-pipe that replaces traditional steel pipe in the vertical portion of riser systems. Suitable for deployment at depths of 2,000m and beyond, from low pressure up to 20ksi.
• Hybrid Flexible Pipe (HFP) Ultra-deepwater riser solution co-developed with TechnipFMC that combines flexible pipe technology with a carbon fibre m-pipe core. Designed for free-hanging catenary risers and flowlines, achieving 60% weight reduction with simplified architectures.
• m-pipe with Shawcor Thermotite Ultra Insulation Insulated variant of m-pipe using Shawcor's Thermotite Ultra insulation to maintain production fluid temperature for flow assurance. Insulation weight or buoyancy can be adjusted to manage pipe stability in the water column, simplifying deep water riser design.
• In Country Manufacturing Module (ICMM) Mobile manufacturing module that can be deployed onsite to produce continuous m-pipe lengths up to 6,000m in diameters from 2 to 12 inches, or discrete lengths up to 24 inches. Addresses local production regulations and reduces logistics costs for international projects.

Quantifiable outcome

• Installed cost savings of up to 65% vs steel pipe equivalents
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• TechnipFMCcoreStrategic or Co-development Partner · 1 October 2021TechnipFMC acquired Magma Global in October 2021 for $64 million. Magma continues to operate as an independent business with TechnipFMC support. Strategic partnership includes development of Hybrid Flexible Pipe (HFP) combining TechnipFMC flexible pipe technology with Magma's m-pipe for ultra-deepwater free-hanging risers. HFP is being manufactured in Brazil for the Libra pre-salt field development.
• TransoceancoreStrategic or Co-development PartnerExclusive partnership for development and supply of continuous spoolable composite auxiliary lines for deepwater drilling. Partnership supports Transocean's Risex twist and lock drilling riser system. Collaboration began in 2012 with successful 2017 trial deployment on Transocean Discoverer Clear Leader in Gulf of Mexico.
• VictrexcoreTechnology or IntegrationVictrex supplies the high-performance PEEK polymer used in m-pipe manufacturing. Victrex has personnel on-site at Magma's Portsmouth facility supplying material components, eliminating inventory, transport and storage requirements.
• ShellminorStrategic or Co-development PartnerPartnership with Shell for development of low cost Single Polymer Composite pipe specifically targeted at lowering LNG terminal costs and widening LNG adoption. Like other TCP products, it has significantly lower carbon footprint compared to exotic alloys it replaces.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Strohm: Strohm (formerly Airborne Oil & Gas) is the most direct competitor to Magma Global in Thermoplastic Composite Pipe for subsea oil and gas applications. Both companies produce TCP risers, jumpers, and flowlines for deepwater deployment, and in February 2026 Strohm and Magma announced a co-developed next-generation composite pipeline system — underlining their product overlap.

Others

• Shawcor: Shawcor is a pipe-coating and insulation specialist that partners with Magma to integrate Thermotite Ultra insulation onto m-pipe. It is comparable as a complementary pipe-systems provider serving the same subsea oil and gas customers, though it focuses on coating/insulation rather than the pipe body itself.
• Aker Solutions: Aker Solutions is a Norwegian subsea engineering and EPC firm delivering subsea production systems, umbilicals, risers, and flowlines. Comparable as a broad subsea systems provider competing in the same deepwater project bids where Magma's m-pipe is specified.
• Saipem: Saipem is an Italian subsea EPC contractor and Magma customer (trialed 2.5in 5ksi m-pipe kicker line on the S7000 vessel). Comparable as a deepwater installation contractor specifying pipe technology for major offshore projects, though its core business is construction rather than pipe manufacturing.
• McDermott International: McDermott International is a global EPC contractor for offshore and subsea oil and gas projects, with capabilities in SURF (subsea, umbilicals, risers, flowlines). Comparable as a project counterparty where Magma's m-pipe could be specified on McDermott-led deepwater developments.
• Subsea 7: Subsea 7 is a global subsea engineering, construction, and installation contractor that designs and installs flowlines, risers, and jumpers for offshore developments. It is comparable as a downstream channel partner and EPC counterparty for m-pipe installations, though it does not manufacture composite pipe itself.
• Victrex: Victrex is Magma's exclusive PEEK polymer supplier and on-site partner at the Portsmouth facility. Comparable as the upstream materials provider whose PEEK chemistry is foundational to m-pipe's performance, and as an adjacent specialty polymer company enabling composite pipe development.

Emerging players

• SoluForce: SoluForce (a Tenaris subsidiary) manufactures reinforced thermoplastic pipe (RTP) for oil and gas, industrial, and hydrogen applications. Comparable as an emerging player in reinforced thermoplastic pipe technology, with overlapping use cases in onshore and offshore hydrocarbon transfer though focused on lower-pressure applications than Magma's deepwater riser products.

Broad incumbents

• Baker Hughes: Baker Hughes is a large oilfield equipment and services company with subsea production systems, flexible pipe, and integrated drilling products. Comparable as a broad incumbent selling into the same deepwater E&P customers, with overlapping subsea pipe and riser capability though not specialized in TCP.
• TechnipFMC: TechnipFMC is Magma's parent company and a global leader in subsea engineering, flexible pipe, umbilicals, and riser systems. It is the direct comparator for the broader subsea pipe and riser market, and competes with m-pipe via its own flexible pipe portfolio while integrating Magma's TCP into Hybrid Flexible Pipe offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC3_KJoloHvzROxO1k5XFetA
• LinkedInlinkedin.com/company/magma-global-ltd
• Xx.com/MagmaGlobal

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magma Global