Schlumberger inks two rig equipment deals with Transocean

  • Business & Finance

Cameron, a Schlumberger company, on Wednesday announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean worth more than $350 million. 

Schlumberger said that the first contract calls for it to manage Transocean’s Cameron risers in the Gulf of Mexico.

This agreement includes storage, maintenance, inspection, repair, recertification, and data-driven riser management on the rigs.

Through the second contract, Schlumberger will provide a suite of solutions to maintain and service blowout preventer (BOP) systems and other pressure control equipment for nine of Transocean’s ultra-deepwater and harsh environment drilling rigs.

“This agreement leverages the core competencies of Transocean and Schlumberger’s capabilities as an original equipment manufacturer,” said Hunter Jones, president, Drilling Systems, Schlumberger.”

Schlumberger added that these programs will help to reduce total cost of ownership for the offshore equipment and increase uptime associated with pressure control equipment, through integrated technical, operational and commercial solutions.

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