Manufacturing News

Matrix wins oil and gas machinery contracts

Matrix Composites & Engineering has won nearly $50 million contracts for the manufacture and supply of oil and gas equipment.

The company has a contract to build drilling riser buoyancy from a Korean shipbuilder and US based drilling for use on four drill rigs.

There is also an option to manufacture and supply additional buoyancy valued at around US$23 million.

It recently signed another contract with a US operator to manufacture low friction centralisers to allow it to move from oil based drilling muds to water based muds.

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