Houston, May 2019: Described as a technology that Transocean believes to be game changing for the drilling industry, Kinetic Pressure Control’s “shear anything” technology called the Kinetic Blowout Stopper or “K-BOS” was highlighted as part of the retrofittable aShear emergency well control system by Transocean at the 2019 Offshore Technology Conference on 7 May. More than a blowout preventer, Jeremy Thigpen, Transocean President and CEO, called this tool “a blowout stopper” and said it is a top priority within the organization. “Talk about your ultimate insurance policy,” Mr. Thigpen said.

He explained further that technologies like K-BOS and aShear are core to a strategy that Transocean is pursuing to make offshore projects more competitive with shale plays. These technologies represent significant progress towards reducing risk and to increase offshore projects’ viability vs only a few years ago. Mr. Thigpen pointed to average breakevens for offshore projects, which are now down to $43, compared with $64 in 2016. The number of offshore FIDs has also increased over the same period, up to an expected 119 this year compared with 44 in 2016.

The presentation was covered by Offshore Magazine, Drilling Contractor Magazine and the Journal of Petroleum Technology among others. Please find links to the detailed coverage below:

IADC Coverage: http://www.drillingcontractor.org/thigpen-transocean-working-on-shear-ram-that-can-shear-anything-in-the-wellbore-52050

JPT Coverage: https://www.spe.org/en/jpt/jpt-article-detail/?art=5466

Offshore Magazine Coverage: https://www.offshore-mag.com/drilling-completion/article/16790944/otc-2019-transocean-ceo-describes-future-drilling-rig-technology

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. Kinetic’s mission is to protect the Oil and Gas industry’s social license to operate. Learn more about Kinetic Pressure Control Limited and their K-BOS technology at www.shearanything.com

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