A Key Difference In The Industry’s 2nd BOP Outsourcing Deal Makes It Transformative

It’s fair to say that the blow out preventer (BOP) business model is being re-shaped as we write. 10 months ago, GE and Diamond introduced a new BOP arrangement to the marketplace – one that transfers up-time responsibility to the OEM. This week, the largest BOP supplier moved to implement a similar business model. And the new arrangement between Schlumberger (via Cameron) and Transocean contains a critical difference that could result in more widespread adoption of the new concept. We unveil the difference and discuss deal strategy and implications.

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