If you plan to install a blowout preventer, you must compare new BOPs and used BOPs and select what fits your project. The option you’ll choose depends on the complexity of your project and budget. For instance, a used BOP can be more convenient when you don’t have enough funds to purchase a new BOP. So, which option is best for you?
A blowout preventer plays a significant role in oil drilling sites, whether used or new. It helps protect an oil well from possible ‘kicks’ or blowouts, which can be disastrous. Thankfully, there are many BOPs for various oil wells, including Ram BOPs and Annular BOPs. You can rent or buy them from BOP Products.Choosing between new BOPs vs used BOPs? Learn all the circumstances for installing a new BOP vs a used BOP. Click To Tweet
Now, let’s look at whether you should install a new or used BOP in your drilling site.
Consider How Soon You Need The Equipment
A blowout preventer is an indispensable piece of equipment in an oil drilling site that prioritizes the workers’ safety. However, it can be costly to buy, especially if the oil drilling company is still growing. If you urgently need the blowout preventer and can’t afford to purchase a new one, consider renting a used BOP.
Renting VS Buying
Depending on your budget and storage space, you can rent or buy a new BOP. Renting a BOP helps you save on storage space by eliminating the need for long-term storage. You’ll not incur repair and maintenance service costs by renting a BOP. But, buying a BOP is more convenient because it gives you the right of ownership.
Period of Time You Need It
How long do you intend to use the blowout preventer in your oil drilling project? If the project runs short-term, renting a BOP will be cheaper and more convenient than buying a new BOP. Conversely, buying a new BOP will be more affordable in the long run when your drilling project takes many months or years to get completed.
BOP Products Is There For You
Now that you know the circumstances for renting vs buying a BOP, you need to evaluate your drilling needs to make informed decisions. Blowout prevention (BOP) ensures the workers’ safety when installing the right BOPs. The good news is that BOP Products can help you find the best blowout preventer for your oil drilling project.
Contact us to learn more reasons to hire or buy a BOP for your project.