Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts with Transocean valued at more than $350 million.
The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico.
The work scope includes storage, maintenance, inspection, repair, recertification and data-driven riser management on the rigs.
Through the second contract, Schlumberger will provide a 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.
“This agreement leverages the core competencies of Transocean and Schlumberger’s capabilities as an original equipment manufacturer,” said Hunter Jones, president, Drilling Systems, Schlumberger. “Our leadership in technology, hardware and software along with the ability to enhance the value of the data provides a foundation for improving operational performance and availability of pressure control equipment.”