Our customer needed one of our stock separators for a new drill. Initial volumes are relatively high, but the possibility of decline would leave this separator if purchased, oversized for the customer’s application. Therefore, we presented a separator as rent to own oilfield equipment to our customer.
A rent to own agreement for the separator provides our customer with a dynamic solution; if after the initial term volumes are maintained, our customer has an easy-to-execute option to purchase the vessel, or if volumes decline slower than expected, our customer can continue to rent the unit until such point where we can substitute in a ‘right sized’ option.
Scope of work; separator removed from the original facility, inspected, ut’d, function tested, psv reset/certified, and the package made field ready.
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