Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million.

Schlumberger has been awarded a contract by Heerema Marine Contractors to supply a real-time riser tension monitoring system for nine single leg hybrid risers for a major project offshore Angola.

Shell Canada can leave two kilometres of pipe and a giant marine riser on the ocean floor after accidentally dropping them off the coast of Nova Scotia in 2016.