News ReleaseView printer-friendly version << Back
National Oilwell Varco Announces Sale of Two 20,000 Psi BOP Stacks to Transocean
“This is a historic moment for the offshore oil and gas industry,”
The sale of this equipment and technology package is the culmination of five years of extensive work by NOV Rig Technologies and marks another advancement for the offshore industry as it seeks to safely and efficiently drill the world’s most challenging reservoirs. 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.”
Visit www.nov.com for more information.
Cautionary Statement for the Purpose of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995
Statements made in this press release that are forward-looking in nature
are intended to be “forward-looking statements” within the meaning of
Section 21E of the Securities Exchange Act of 1934 and may involve risks
and uncertainties. These statements may differ materially from the
actual future events or results. Readers are referred to documents filed
Certain prior period amounts have been reclassified in this press release to be consistent with current period presentation.
National Oilwell Varco, Inc.
Loren Singletary (713) 346-7807