NOV sells two 20K BOP stacks to Transocean
HOUSTON – National Oilwell Varco Inc. has sold two 20,000-psi (20K) BOP stacks to Transocean.
This, the company said, makes it the first oilfield equipment manufacturer to successfully design, engineer, and sell such a package.
According to NOV, the 20K BOP stack is designed to optimize uptime and reduce unplanned stack pulls. It is also designed for use with extremely high-pressure reservoirs and can be used in ultra-deepwater.
Joe Rovig, President, NOV Rig Technologies, said: “This is a historic moment for the offshore oil and gas industry. The introduction of NOV’s 20K BOP marks a new era in the exploration and development of high-pressure formations...”
The sale of this equipment and technology package is the culmination of five years of work by NOV Rig Technologies.
The initial deployment is expected in 2021 on a 20K well in the Gulf of Mexico.