NPT on offshore rigs takes hit with new contract model for BOP services

摘要

First-of-its-kind service agreement includes the repurchase of the BOP systems by the manufacturer from the offshore drilling contractor. The historical method for testing BOPs on offshore rigs is to disassemble the equipment, send it to an onshore facility, perform the inspection, bring it back to the field and reinstall it. The drilling rig is out of service during this entire operation at a considerable cost to the contractor and the operator.