TechnipFMC
TechnipFMC is a technology provider serving traditional and new energy industries. The company delivers fully integrated projects, products, and services across the energy value chain, including subsea, offshore, and onshore sectors. It engages in project management, engineering, and construction for the energy industry, from deep subsea oil and gas developments to large-scale offshore and onshore infrastructures. With about 38,000 employees and operations in numerous countries, TechnipFMC maintains industrial assets and a fleet of vessels for pipeline installation and subsea construction. The company supports clients in lowering carbon intensity and advancing energy transition initiatives, applying innovative technologies to improve project economics and develop energy resources. It originated from the 2017 merger of Technip and FMC Technologies, and serves multiple segments of oil and gas and other energy markets worldwide.
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Past deals in Angola
Magma Global
Acquisition in 2021
Magma Global Ltd. is a designer and manufacturer of innovative subsea pipes specifically tailored for subsea exploration and production in challenging environments, including deepwater and high-pressure applications. The company's flagship product, m-pipe®, features advanced carbon fibre and Victrex PEEK composite materials that provide anti-corrosion properties and high fluid flow rates. This technology is utilized in various applications such as flowlines, jumpers, intervention systems, and risers, enabling efficient transfer of hydrocarbons, water, and gas. Founded in 2008 and headquartered in Portsmouth, United Kingdom, Magma Global has expanded its presence with additional offices in the United States, Angola, and Saudi Arabia. The company collaborates strategically with TechnipFMC to further enhance its offerings to the oil and gas industries worldwide.
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