Qualification Proposal

Feb 2020

MM TD
Background

• NMP currently limited to 65°C

• M-pipe qualification envelope

• 120°C (current testing to 80/120 °C)

• 3 KSI (current testing to 10 KSI)

• 25 yr. design Life

• Water depth 750 m

• Magma qualification update Jun. 2019

• M-pipe TRL Assessment Nov. 2019 –TRL 2

• Objective – increase to TRL 5 and enable a pilot deployment

• Final specification to be agreed

Strictly Confidential, Property of Magma Global Ltd Page 2

TRL Evaluation Summary

Strictly Confidential, Property of Magma Global Ltd Page 3

Gap Analysis - PEEK

• Some physical testing- Minor effort required

• Testing on cover – Decision on requirement for cover

• UV testing - Complete

• Additional extreme temperature testing –complete

• “Testing on all fluid conditions” - Agreement required on relevant fluids *

• Long term testing WIP - complete within 6 months

*Magma has recently completed testing at 135°C, in H2O, Super Critical CO2 and H2S
Strictly Confidential, Property of Magma Global Ltd Page 4
Gap Analysis - Ply

• “Testing on all fluid conditions” - Agreement required on relevant fluids

• Magma has recently completed testing at 135°C, in H2O, Super Critical CO2 and H2S

• No ageing in NORSOK Sour – testing complete

• Requirement for further screening and ageing to be reviewed

• Saturation testing may need repeated

Strictly Confidential, Property of Magma Global Ltd Page 5

Gap Analysis - Laminate

• “Testing on all fluid conditions” - Agreement required on relevant fluids

• Magma has recently completed testing at 135°C, in H2O, Super Critical CO2 and H2S

• Fatigue testing approach should be reviewed

• Further static and long term testing in relevant fluid may be required (saturated)

Strictly Confidential, Property of Magma Global Ltd Page 6

Gap Analysis - Pipe

• Pressure testing wet - Agreement on fluid and soak time

• Hoop strength test

• High temperature pressure and tensile fatigue tests

• Through thickness – long term testing

• Collapse at 6 inch is complete

• Stress rupture – further testing may be required

Strictly Confidential, Property of Magma Global Ltd Page 7

DNV Involvement

• DNV have reviewed and approved current qualification project

• Magma have not submitted reports for final approval – UKCS and GOM clients have not required

• Is DNV review and approval required – or Petronas internal approval

• Additions to qualification test plan

• Full review of test reports

Strictly Confidential, Property of Magma Global Ltd Page 8

Next Steps

• Detailed review of all reports and work to date (Magma Office)

• Specification definition

• Agree DNV scope

• Detailed planning (£40k)

• Project cost – Depending on Scope

• £1-1.5m

Strictly Confidential, Property of Magma Global Ltd Page 9

Comparison Programs

• Pre-Salt Brazil

• HPHT Production Riser

• Extensive fluid screening activities

• Deep Water

• 2.5 Years $13m

Strictly Confidential, Property of Magma Global Ltd Page 10