Pressure Control by the Hour®

Pressure Control by the Hour®

Introduced in 2016, Diamond Offshore's Pressure Control by the Hour® service model for deepwater drilling transfers blowout preventer (BOP) ownership and maintenance to the original equipment manufacturer (OEM). In collaboration with Baker Hughes (BKR), this innovative model delivered dramatic results since its launch, enabling the Company to reduce downtime on all of our differentiated drillships to less than 1%.

Additionally, one of these drillships drilled and completed one of the deepest and most challenging wells in the Gulf of Mexico 30% faster than the planned drilling schedule, and another drilled and completed a well 47 days ahead of our client's schedule.

Diamond Offshore is committed to providing value to customers through safe and highly efficient operations. By transferring the maintenance and services of pressure control equipment to the OEM, Diamond Offshore is simplifying operations and optimizing between-well maintenance to reduce the frequency and duration of downtime. The combination of Diamond Offshore's operational excellence and the incentivized performance of BOPs will promote the delivery of enhanced offshore drilling economics for our customers.

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