Schlumberger to help Transocean in deepwater environments for more than $350 million

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Linus Unah – Fourth Estate Contributor

Houston, TX, United States (4E) – A subsidiary of oilfield services company Schlumberger Wednesday said it has signed two 10-year pressure control equipment management service contracts on behalf of rig owner Transocean .

The deal is valued at more than $350 million, Cameron, the subsidiary, said in a news release.

The first contract calls for Schlumberger to manage Transocean’s risers in the U.S. Gulf of Mexico, while the second contract would see the company providing a complete suite of solutions to maintain and service blowout preventer systems and other pressure control equipment in Transocean’s ultra-deepwater and harsh environment drilling rigs.

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

“This agreement leverages the core competencies of Transocean and Schlumberger’s capabilities as an original equipment manufacturer,” Hunter Jones, Schlumberger’s president for drilling systems, said in a statement.

These agreements aim to reduce offshore nonproductive time and total cost of ownership, Schlumberger said.

Houston-based Schlumberger is the world’s largest oilfield services company.

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