n the oil and gas industry, safety is non-negotiable—and blowout preventers (BOPs) are one of the most essential components for maintaining it. These critical safety systems are designed to prevent uncontrolled releases of oil, gas, or other fluids during drilling or servicing operations.
At Mehmi Financial Group, a trusted finance and leasing company based in Mississauga, Ontario, we help businesses across Canada—from Alberta’s oilfields to Newfoundland’s offshore sites—acquire BOPs and other high-value safety equipment through flexible financing solutions.
A blowout preventer (BOP) is a high-pressure safety device installed at the top of a well to seal, control, and monitor oil and gas wells. It’s activated during emergencies to stop a “blowout”—the uncontrolled release of formation fluids—which can result in catastrophic environmental and financial damage.
BOPs are standard equipment in:
Uncontrolled blowouts are rare—but when they occur, the consequences can be devastating:
Having a properly rated, well-maintained BOP is not just industry best practice—it’s a regulatory requirement in most jurisdictions.
There are several types of BOPs used in various drilling environments:
These seal the wellbore by compressing a rubber element around the drill pipe or casing—or even an open hole.
These use steel blocks ("rams") to shut off flow. They include:
A specialized form of ram BOP that can slice through tubing or casing in extreme conditions.
Powered by hydraulic systems, these are essential for high-pressure wells, especially in deepwater or offshore operations.
Each type is suited for different depths, fluid types, and pressure ratings.
High-spec BOPs can cost anywhere from $50,000 to over $500,000 CAD, depending on type, configuration, and pressure rating. Rather than paying upfront, many companies choose equipment financing or leasing to manage these large investments more effectively.
We support oil and gas contractors and operators across Canada, including:
Need to finance a BOP or other high-spec safety equipment? Apply now with Mehmi Financial Group and protect your operations with confidence.
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