Oceaneering Worldwide Inc. stated that its manufactured merchandise section gained a number of contracts throughout the fourth quarter of 2023, with anticipated mixture income of roughly $200 million.
The anticipated revenues from every of those contracts, primarily with worldwide oil and fuel operators and marine development firms, vary in worth from lower than $10 million to larger than $100 million, the corporate stated in a media launch.
One contract is for a big, high-quality, greenfield improvement situated within the Gulf of Mexico. Work below this contract entails supplying electro-hydraulic, metal tube umbilicals totaling roughly 21 miles in size and supporting subsea distribution {hardware}. Manufacturing has been scheduled for the Panama Metropolis, Florida and Houston, Texas amenities, with ultimate supply anticipated within the third quarter of 2026, Oceaneering stated.
One other contract is expounded to the subsequent section of a staged improvement within the Black Sea. This entails supplying electro-hydraulic, metal tube dynamic and static umbilicals totaling roughly 28 miles in size and supporting subsea distribution {hardware}. Manufacturing is scheduled for the Rosyth, Scotland facility to start in 2024 with ultimate supply anticipated within the third quarter 2025.
Different contracts booked within the fourth quarter of 2023 contain supplying further subsea manufacturing umbilicals and umbilical termination {hardware} for tasks, Grayloc and Rotator merchandise, and mobility options merchandise.
“These contract awards validate the continued necessity for stability in international offshore vitality manufacturing, and show buyer confidence in our potential to assist their operations to satisfy vitality demand”, Rod Larson, President and Chief Government Officer, stated. “The awards leverage our years of experience and strengthen our place as a number one supplier of high-quality built-in services to each vitality and non-energy markets”.
To contact the writer, e mail andreson.n.paul@gmail.com