A blowout preventer (BOP) (pronounced B-O-P) is a specialized or similar mechanical device, used to seal, control and monitor and gas wells to prevent , the uncontrolled release of crude oil or natural gas from a well. They are usually installed in stacks of other valves. The earliest blowout preventers; Regan Type K Annulars were used, beginnin.
[pdf] There are currently 104 rigs located in China, of which 26 (including three tender-assist rigs) are yet-to-be delivered. Of these, the working fleet usually numbers under 70 units. It is mainly a shallow-water market, with jackups making up the bulk of the delivered fleet.
[pdf] According to Volza's Global Import data, World imported 18,450 shipments of Drilling Rig from China during Mar 2023 to Feb 2024 (TTM). These imports were supplied by 1,388 China exporters to 1,391 World buyers, marking a growth rate of 78% compared to the preceding twelve months.
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