SLB, Transocean GoM pact

The Schlumberger (SLB) company announced on Christmas Day the signing of two 10-year pressure control equipment management service contracts in the Gulf of Mexico on behalf of Transocean (RIG) valued at some $350 million. The first pact calls for SLB to manage Transocean’s Cameron risers in the Gulf of Mexico. The agreement includes storage, maintenance, inspection, repair, recertification and data-driven riser management on the rigs. For the second contract, Schlumberger will provide a comprehensive suite of solutions to maintain and service blowout preventer systems and other pressure control equipment for nine of Transocean’s ultra-deepwater and harsh environment drilling rigs. These programs will assist in the reduction in the total cost of ownership for the offshore equipment and increase time associated with pressure control equipment through integrated technical, operational and commercial solutions. (Source: Marine Link 12/25/16)