BP shares deepwater well cap technology and expertise with PEMEX

10/23/2012

BP shares deepwater well cap technology and expertise with Pemex

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HOUSTON -- PEMEX and BP have announced an agreement for BP to share the technical information it used to build its global deepwater well-capping equipment.

BP will make available technical information that PEMEX or its subsidiaries can use, if it decides to build and maintain its own well capping system for use in Mexican waters of the Gulf of Mexico.

In addition, BP has agreed to conduct workshops in Houston to brief PEMEX E&P on the technical information and operational aspects of the system, as well as to introduce PEMEX E&P specialists to key vendors and fabricators that BP used to develop its global deepwater well cap and tooling package.

Richard Morrison, BP’s Head of Global Deepwater Response, said the agreement underscores BP’s commitment to sharing lessons learned during and following the 2010 Deepwater Horizon accident and response.

BP’s global deepwater well cap is a 100-ton stack of valves that can be lowered onto a leaking well to halt the flow. The system can operate in 10,000 ft of water and is rated to pressures of 15,000 psi. Stored in Houston, it can be sent by heavy-lift aircraft to any country where BP operates in a matter of days.

Under the Technology License Agreement, BP will share at no cost to PEMEX E&P technical information on BP’s capping stack, and PEMEX E&P has agreed to make any future advancements to this well-capping technology available at no cost to BP. BP will retain intellectual property rights, so it can continue to share the plans with others.   

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