Offshore staff
HOUSTON — Oceaneering International secured multiple contracts during fourth-quarter 2023, with anticipated aggregate revenue of about $200 million.
The company said the anticipated revenues from these contracts, primarily with international oil and gas operators and marine construction companies, range in value from less than $10 million to greater than $100 million.
There are two contracts that constitute a considerable portion of the forecasted value. One is for a large, high-quality, greenfield development located in the Gulf of Mexico. The scope of work under this contract is to supply electro-hydraulic, steel tube umbilicals totaling about 34 km (21 miles) in length and supporting subsea distribution hardware. Production is scheduled for the Panama City, Florida, and Houston, Texas, facilities, with final delivery anticipated in third-quarter 2026.
The second contract is related to the next phase of a staged development in the Black Sea. The Oceaneering scope of work under this contract is to supply electro-hydraulic, steel tube dynamic and static umbilicals totaling about 45 km (28 miles) in length and supporting subsea distribution hardware. Production is scheduled for the Rosyth, Scotland, facility, and is scheduled to begin this year with final delivery anticipated in third-quarter 2025.
Other contracts booked in fourth-quarter 2023 order intake include scopes of work to supply additional subsea production umbilicals and umbilical termination hardware for projects not mentioned above, Grayloc and Rotator products, and mobility solutions products.
02.05.2024
