Dril-Quip seeing continued demand for subsea production systems

Feb. 27, 2024
The company says that it has secured multiple new contracts for subsea drilling equipment.

Offshore staff

HOUSTON – Dril-Quip has secured multiple new contracts for subsea drilling equipment, the company revealed in its latest results statement.

The line-up includes:

  • Award of a subsea production system from an unnamed client in Australia valued at around $40 million
  • A three-year deepwater subsea wellhead contract from CNOOC
  • A multi-well, multi-year contract to supply subsea wellhead systems in Mexico.

In addition, the company will provide diverter systems for pressure-balanced drilling to Exxon Canada for use at the Hibernia field offshore Newfoundland and Labrador.

And in recent months, Dril-Quip has installed its BigBore lle subsea wellhead systems for a Petrobras exploratory program in the Santos basin off Brazil, and gained a tender from Petrobras for 43 subsea wellhead systems to support pre-salt well development.

In the US Gulf of Mexico, the company has supplied its HorizontalBore subsea trees for Woodside Energy at Shenzi North.

Finally, the company says that it has completed its first delivery of XPak De TM liner hangers for exploration projects in Africa.