Oceaneering Awarded New North Sea Inspection Contract from Petrofac

HOUSTON, December 20, 2018 – Oceaneering International, Inc. (“Oceaneering”) announces that it has secured a three-year Provision of Inspection Enactment Services contract with Petrofac’s Engineering and Production Services division in the Western Hemisphere (“Petrofac”), growing its asset integrity portfolio within the U.K. Continental Shelf (UKCS).

Oceaneering will retain its existing contract on one of Petrofac’s Duty Holder assets, while expanding its service scope to include two additional North Sea facilities.

Oceaneering will provide inspection management, shutdown and project support for Petrofac, which manages these assets under its Duty Holder and service operator contracts. The contract includes two additional one-year options. The work will be carried out by Oceaneering’s Asset Integrity team in Aberdeen.

Bill Boyle, Senior Vice President for Oceaneering’s Asset Integrity Division said, “We are delighted to have won this contract and to extend our long-standing relationship with Petrofac, having supported the company for more than 14 years.

“The addition of inspection enactment services enables us to further align ourselves with Petrofac’s commitment to providing value-added solutions that minimize risk, enhance integrity, reduce costs and unlock more value. We very much look forward to working with the team to enhance operability and continue the excellent safety and integrity standards across its Duty Holder portfolio.”

Oceaneering’s Asset Integrity division provides conventional and advanced non-destructive testing (NDT), specialist inspection solutions and integrity management capabilities, with a team of over 2,100 technically focused people, servicing clients from 24 global locations.

Learn more: oceaneering.com/asset-integrity