- National Oilwell Varco (NYSE:NOV -0.3%) says it sold two 20,000-psi blowout preventer stacks to Transocean (NYSE:RIG -2.4%), a deal that NOV says makes it the first oilfield equipment manufacturer to successfully design, engineer and sell such a package; financial terms are not disclosed.
- The 20K BOP stack is designed for use with extremely high-pressure reservoirs and can be used in ultra-deepwater.
- NOV says initial deployment of the 20K BOP stack is expected in 2021 on a 20K well in the Gulf of Mexico.