GE Oil & Gas, whose US headquarters are located in Texas, has secured a new contractual service agreement (CSA), valued at approximately USD $180 million, with Transocean. Under the agreement, GE will provide condition-based monitoring and maintenance services for pressure control equipment on seven of Transocean’s rigs over the next 10 to 12 years.
The agreement leverages GE’s digital capabilities to shift from event and calendar-based maintenance to condition-based monitoring and maintenance. Working with GE on parts forecasting and service scheduling will allow Transocean to optimize operations by proactively planning and minimizing between-well maintenance.