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Current and Future Gas Supply Flows (Resource-The Netherlands Casunie Company)	Composites Pipe , produced by ISCOM according New 40% Cost and Weight reduction TCPS Technology
Joint Composite Pipes in New TCPS Pipeline	Sample of Saipem Pipeline , planned for use by New TCPS Technology (Resource-Italy Saipem Group)

The offered project deals with the development of an innovative pipeline for natural gas and oil, which is based on the T.C.P.S (Transcontinental Composite Pipelines System) technology. According to this technology, the pipeline is composed of new innovative composites pipes from novel combinations of materials. This allows production of a stronger, lighter, and more cost-efficient pipe.

The global market for oil and natural gas pipelines is subject, in recent years, to global tendency of strict security and quality standards that ensure withstanding of high pressure and radical conditions of climate changes over a long period of time. These demands dictate production of thicker pipes and suitable coating that ultimately lead to higher costs of production. T.C.P.S innovative new approach, based on familiar and proven technologies, has created a better and cheaper alternative for the existing pipeline.

Today, the entrepreneur have the basic and proven models of new pipes built using the T.C.P.S technology. The models were tested and successfully functioned at working pressure up to 200 bar.

The global market of large diameter pipes offers solutions to water and sewage transportation, industrial liquids and solids, drilling, construction, oil and natural gas. The project will focus, at first, in oil and natural gas pipelines. In the year 2000, actual and planned projects in this field encompassed a large scale of 26,700 km., while in the year 2001 it grew to 27,400 km. In 2000-2004 the global projects of oil and natural gas pipelines will reach 155,000 km. (source: Pipelines & Gas Industry, January 2001). The common pipelines for this kind of use are of high quality steel pipes but expensive, with a price ranging from 100-180 dollars per meter.

Today, pipes used for oil and natural gas are built from high quality thick steel pipes coated with 3 layers of Polyethylene or Polyprophilen. The security and quality demands dictate production of pipes that are able to withstand high pressure and radical climate changes over a long period of time.

According to the T.C.P.S technology, the innovative pipe will be composed of new innovative composites pipes from novel combinations of materials. This combination will allow significantly thinner pipe. The advantages of this kind of pipe will enable it to withstand the strictest international standards, while lowering the cost of production by 40% in comparison to today's pipes.

For example, in a Turkey project of 800 Km of natural gas pipeline, the require diameter is 36'', wall thickness is 11.1 mm and the steel weight is 247 kg/m. The total cost of supplying steel pipes for such a project may reach 130 million dollars. Using the T.C.P.S technology will allow a total weight of 158 Kg/m per pipe and wall thickness of 8-9 mm, all in a total cost of 78 million dollars. Thus the T.C.P.S technology will save 52 million dollars (40%).

Using the T.C.P.S technology in gas and oil pipelines will not only allow decreased costs, but will also improve the pipe's quality. The pipes built using the T.C.P.S technology will have a greater resistance to external corrosion and extreme climate conditions. They will be easier to transport and install, environmentally friendly and will have a longer life span than their predecessors.

4.FINANCIAL PLAN.

The Expected Income is derived from the following sources: pipeline producers or alternatively pipeline owners, pipes suppliers and pipe equipment manufacturers. In the first year of operation the company will reach 7.1 million dollar income and within five years of operation the company will reach 115.6 million dollars income.

5.CONCLUSION.

• The field of oil and natural gas transportation in which the entrepreneurs operate is now significantly growing and there are various planned projects in large scales for onshore and offshore oil and natural gas pipelines.
• There is a great need among the main customers for technological improvements that will improve the level of safety of the pipes and will reduce costs of production.
• The proposed solution is actually a break -through in the field of oil and natural gas pipelines transportation and not just a simple improvement.
• The ISCOM has already tested a model of the innovative pipe. A set of laboratory tests were conducted to composite models that successfully functioned under working pressure up to 200 bar.
• The ISCOM's Leader of Project have extensive knowledge of Global Pipeline Industry, Management experience and large network of relations in the relevant Market. These Capabilities significantly provide the Prospects of Success of the J/V Company.