HOUSTON – Oceaneering International Inc., reports that its manufactured products segment has secured two contracts with Petrobras through a competitive bidding process.
Oceaneering is contracted to supply up to 362 km, or approximately 225 miles, of steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware for use in projects offshore Brazil.
Manufacturing of the products is scheduled to take place at Oceaneering’s Niteroi, Brazil, facility with the final delivery expected in fourth-quarter 2027.
Oceaneering says that the expected aggregate net revenue from the deal is in the range of $120 million to $183 million.
