NOV finds buyer for pair of blowout preventers

NOV news
NOV news

Oilfield technology and equipment firm National Oilwell Varco (NOV) will sell two 20,000-psi blowout preventer stacks to Transocean.

NOV said it was the first oilfield equipment manufacturer to successfully design, engineer and sell such a package.

NOV’s 20K BOP stack is designed to optimise uptime and reduce unplanned stack pulls, reaffirming the company’s commitment to technical authority, engineering excellence and safety.

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.

“We are proud of our role in enabling our industry to continually push beyond traditional limitations through technological innovation.”

The sale of this equipment and technology package is the culmination of five years of extensive work by NOV Rig Technologies.

The 20K BOP stack is designed for use with extremely high-pressure reservoirs and can be used in ultra-deepwater. The initial deployment is expected in 2021 on a 20K well in the Gulf of Mexico.