The Well Control System or the Blowout Prevention System on a drilling rig is the system that prevents the uncontrolled, catastrophic release of high-pressure fluids (oil, gas, or salt water) from subsurface formations. These uncontrolled releases of formation fluids are referred to as Blowouts.
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[pdf] NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, acquired Oilwell Supply. In 1958, merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell". Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold i.
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