Monday, February 8, 2016

Diamond Offshore And GE Oil & Gas Enter Into Industry's First Performance-Based Subsea Blowout Preventer Service Agreement

Diamond Offshore Drilling, Inc. and GE Oil & Gas today announced the offshore drilling industry's first-of-its-kind contractual service agreement (CSA) that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour™ model, Diamond Offshore will compensate GE Oil & Gas only when the BOP is available.

URL:
www.prnewswire.com/news-releases/diamond-offshore-and-ge-oil--gas-enter-into-industrys-first-performance-based-subsea-blowout-preventer-service-agreement-300216265.html

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