Schlumberger signs two long-term Transocean service agreements

Source: Schlumberger

Riser management and subsea blowout preventer service agreements aim to reduce offshore nonproductive time and total cost of ownership.

Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. Riser management and subsea blowout preventer service agreements aim to reduce offshore nonproductive time and total cost of ownership.

The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico. This comprehensive 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.

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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