Abstract: A pressure compensator for providing pressure compensation for a subsea device is provided. The pressure compensator has a compensator wall enclosing a compensation chamber and at least one bellows assembly. The bellows assembly includes a metal bellows that forms part of the compensator wall. The metal bellows is deformable to change the inner volume of the compensation chamber. The bellows assembly further includes an elastomeric bellows provided on the compensator wall and covering at least the metal bellows. A seal seals the space between the metal bellows and the elastomeric bellows. The space between the metal bellows and the elastomeric bellows is provided with a vacuum.