Oceaneering secures multiple umbilical contracts

April 28, 2021
Each contract scope of work involves the manufacture of subsea production umbilicals and umbilical termination hardware.

Offshore staff

HOUSTONOceaneering International Inc.’s Manufactured Products segment has won multiple contracts during the first four months of 2021, with anticipated aggregate revenue in excess of $135 million. 

The anticipated revenue from these contracts with international oil and gas operators and marine construction companies ranges in value from less than $10 million to more than $90 million.

Each contract scope of work involves the manufacture of subsea production umbilicals and umbilical termination hardware. Manufacturing is expected to begin soon at the company’s facilities in Panama City, Florida, Niteroi, Brazil, and Rosyth, Scotland. Production schedules range in duration from several months to five years.

04/28/2021