Kinetic Pressure Control’s K-BOS Featured in Transocean Contract Announcement

HOUSTON, TEXAS – Offshore driller Transocean has landed a pair of new contracts for use of its ultradeepwater drillships that eclipse the vaunted $500,000 day rate range. 

As part of the agreement, Transocean will be upgrading the rig’s blowout preventer with SCF Ventures’ portfolio company Kinetic Pressure Control’s Blowout Stopper units or K-BOS.

K-BOS is a device that improves blowout-preventer (BOP)-shearing capability and is retrofittable to existing BOPs. It is also designed to significantly shorten the time for the rig to complete an emergency disconnect, which facilitates the ability to expand the minimum operating water depths of deepwater floaters. The Deepwater Asgard will be the third unit to receive the K-BOS system in Transocean’s fleet.

“We are encouraged by the positive feedback received from our customers and BSEE (Bureau of Safety and Environmental Enforcement) and are pleased to see an increased willingness from our customers to pay for this transformational technology,” Transocean president Jeremy Thigpen told investors earlier this week.

For the full press release, please visit jpt.spe.org/transocean.

About Kinetic Pressure Control:

Kinetic Pressure Control is a leading well control technology company that designs and manufactures innovative wellhead and pressure control equipment and services. The K-BOS can Shear Anything, even heavy tubulars moving at up to 10 m/s. Its ability to shear and seal on the well in less than a second serves to minimize the resulting toxic dispersion area in the case of a loss of well control, thus dramatically enhancing the safety of operations near-by to populated or environmentally sensitive areas. Kinetic’s mission is to protect the Oil and Gas industry’s social license to operate. For more information about Kinetic Pressure Control and its offerings, please visit shearanything.com.