Technical vetting
Most equipment problems are visible on paper before anyone travels to inspect. We find them first.
A structured, documented review of any rig, facility or package you are considering, against your wells and your specification.
Our vetting framework
Five layers, in order
Each layer must pass before the next is worth paying for. A unit that fails on identity or authority does not need a condition survey.
Layer 01
Identity
Is it the unit it claims to be?
We establish exactly which unit is being offered and confirm it against independent records.
Example checks
- Name, former names, official or IMO number, serial numbers
- Builder or manufacturer and build year
- Consistency across broker sheets, owner brochures and class records
Layer 02
Authority
Can the seller actually sell it?
We trace the offer back to the owner and confirm what stands between the buyer and clean title.
Example checks
- Registered owner and the chain of mandates to the seller
- Liens, mortgages and existing charters or leases
- Sanctions screening of the owner and counterparties
Layer 03
Specification
Does every rating meet the requirement?
We compare each stated rating with your requirement and with the manufacturer or owner documentation.
Example checks
- Working pressure of every well control component
- Hoisting, circulating and power ratings
- Process capacity, inlet rating and materials for the fluids
Layer 04
Condition
What will it cost to make it ready?
We estimate the work, time and cost between the unit as offered and the unit ready to operate.
Example checks
- Stack status and duration, maintenance records
- Class survey status, hull gauging, recertification due dates
- Missing, removed or cannibalized equipment
Layer 05
Fit
Will it work for these wells, this water depth and these fluids?
We test the unit against the operating conditions it will actually face.
Example checks
- Water depth range against each well location
- Pressures, temperatures, sand, wax, H2S and CO2
- Transport, import approvals and local content requirements
Example red flags
Signs that a listing needs a closer look
None of these proves a problem on its own. Each is a reason to ask for documents before spending money on travel or inspection.
- Specification sheets that differ from the owner's own brochure
- Ratings stated as ranges rather than specific values
- Proof of funds demanded before basic identity is shared
- Inspection fees payable to intermediaries
- "Firm" prices with buyer-paid commissions added on top
Standards we reference
Checked against recognized codes
We reference the codes and class rules that apply to the equipment, and ask sellers to show compliance with them.
| Standard | Scope |
|---|---|
| API Spec 4F, API RP 4G | Drilling and well servicing structures (masts and derricks) |
| API Std 53 | Well control equipment systems (BOP equipment) |
| API Spec 8C | Drilling and production hoisting equipment |
| API Spec 12J | Oil and gas separators |
| API Std 618, API Spec 11P | Reciprocating compressors and packaged compressors |
| API RP 14C | Surface safety systems for offshore production facilities |
| ASME BPVC Section VIII | Pressure vessels |
| ASME B31.3 | Process piping |
| NACE MR0175 / ISO 15156 | Materials for sour (H2S) service |
| ABS, Bureau Veritas, DNV | Class society rules for vessels and units |
Sample
Specification checklist
Send us a listing you're considering. We'll tell you what's missing.