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Oceaneering has revealed multiple contracts for its manufactured products segment worth around $200m.
The contracts have been secured primarily with international oil and gas operators and marine construction companies, and range in value from less than $10m to more than $100m, the Houston-based company said.
Two contracts constitute a considerable portion of the forecasted value. One is for a large greenfield development in the Gulf of Mexico and includes the supply of about 34 km of electro-hydraulic, steel tube umbilicals and supporting subsea distribution hardware for delivery in the third quarter of 2026. The second contract is related to the next phase of a staged development in the Black Sea and involves the delivery of 45 km of umbilicals in the third quarter of 2025.
Rod Larson, president and CEO of Oceaneering, stated: “These contract awards validate the continued necessity for stability in global offshore energy production, and demonstrate customer confidence in our ability to support their operations to meet energy demand.” |
