Entering text into the input field will update the search result below

National Oilwell Varco sells 20K BOP stacks to Transocean

Jun. 07, 2019 10:24 AM ETNOV Inc. (NOV) Stock, RIG StockBy: Carl Surran, SA News Editor12 Comments
  • 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.

Recommended For You

Related Stocks

SymbolLast Price% Chg
RIG
--
NOV
--