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NOV, Transocean in 10-year service pact

Written by  OE Staff Friday, 28 July 2017 13:36

NOV has signed a 10-year service and support agreement with Transocean, the oilfield services equipment provider announced today (28 July) in its Q2 2017 results. 

NOV said the agreement will maximize uptime and reduce total cost of ownership for the drillfloor equipment on 15 Transocean drilling rigs.

"The collaborative arrangement will leverage the operational expertise of both organizations and incorporate NOV’s leading drilling technologies, global aftermarket service and repair capabilities, and data-driven solutions, including [NOV's] Rigsentry condition-monitoring system," NOV said. "Rigsentry merges the power of big data analytics with design insight only available as the original equipment manufacturer to enable customers to operate and maintain rig equipment more effectively."

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