Matrix Composites & Engineering Ltd. announced it has secured a purchase order worth approximately $16 million, with scope to be increased up to around $18 million, to supply a Subsea Umbilicals, Risers and Flowlines (SURF)
product. The company will produce the SURF distributed buoyancy modules for Subsea 7 to be used at a major deepwater, floating production storage and offloading (FPSO) project, which Subsea 7 is constructing. All equipment will be built utilising Matrix's omposites production facility in Henderson, Western Australia, with all production to be completed by June 2023. The buoyancy system provided by Matrix will support the project's production riser system, which transfers petroleum from the sea floor to the floating production system. The system is designed to operate in water depths exceeding 2,000 metres utilising Matrix's market leading materials technology and patented clamping system.