Schlumberger agrees two service agreements with Transocean

Schlumberger agrees two service agreements with Transocean

Dec 22, 2016
2 min read
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Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts with Transocean in a deal worth more than US$350 million.

The first contract will see Schlumberger 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 comprehensive 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.

These programmes 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.