Hydril Receives BOP Order from Maersk

Hydril has received a purchase order for two deepwater drilling blowout prevention and control systems from A.P. Moller - Maersk A/S. Hydril will supply blowout preventer stacks, multiplex control systems and additional equipment for two ultra-deepwater development semi-submersible drilling rigs. Additionally, the company has received orders for five blowout prevention and control systems for jackup drilling rigs from a different customer. Deliveries for these combined orders will begin in the third quarter of 2006 and continue into mid-year 2008. These combined orders have increased the company's pressure control capital equipment backlog by approximately $60 million.

Chris Seaver, President and CEO of Hydril Company, stated, "Maersk is a highly-valued new customer and we appreciate their confidence in Hydril's ability to provide this technologically sophisticated equipment for their state-of-the-art ultra-deepwater development semi-submersible rigs which have been designed to improve drilling efficiencies and offer lower-cost development solutions. Their order reaffirms Hydril's leading position in the technically challenging deepwater arena and represents the largest single order Hydril has ever received."


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours