Is your BOP safe to operate?

Is it possible to increase safety of deepwater drilling while saving the drilling contractor a significant amount of money? Is it possible to provide better documentation of the decision-making processes when failures are detected in safety-critical equipment and thus give the regulators better confidence in their assets? The answer is ‘Yes’, according to Moduspec and Scandpower, members of the Lloyd’s Register Group, which have developed an online modelling tool to assess blow-out preventer (BOP) risks