Cameron receives another order for blowout preventer stack

Cameron has announced that it has received an order from Freeport-McMoRan Oil & Gas LLC to supply a 20 000 psi blowout preventer stack.

Cameron is an industry leader in 20 000+ psi large bore blowout preventers, supplying the industry’s first and only 18-3/4 in. 20 000 psi blowout preventer which is operating in the field today.

In addition, Freeport-McMoRan is currently operating the industry’s first and only 13-5/8 in. 25 000 psi blowout preventer with another on order and scheduled for delivery in 2015. This most recent order will be the third ultra-high pressure blowout preventer Freeport-McMoRan Oil and Gas has ordered for their high pressure drilling activities in the Gulf of Mexico.

Freeport-McMoRan Oil and Gas Gulf of Mexico portfolio

The compnany’s GoM deepwater portfolio includes a 100% working interest in the Holstein, Horn Mountain, Marlin, Dorado and King Fields, a 31% working interest in the Ram Powell Field and a 33.3% working interest in the Diana and Hoover Fields. Additionally, Freeport-McMoRan’s subsidiary Plains Offshore Operations Inc. holds a 23.3% working interest in the Lucius oilfield, a high-quality oil discovery, and a 50% working interest in the Phobos discovery.

The deepwater GOM exploration portfolio includes interests in 147 blocks containing 60 prospects in the Pliocene, Miocene, Lower Tertiary reservoirs. In May 2014, Freeport-McMoRan Oil & Gas entered into an agreement to purchase certain interests in the Deepwater GOM for US$ 1.4 billion, including interests in the Lucius and Heidelberg development projects and 11 exploration leases. The transaction is expected to close by the end of Q2, 2014.

Edited from various sources by Cecilia Rehn

Read the article online at: https://www.oilfieldtechnology.com/exploration/28072014/cameron-receives-another-order-for-20-000-psi-blowout-preventer-stack/