Oceaneering secures $50M umbilical contract

Oceaneering will supply an electro-hydraulic, steel tube dynamic umbilical totaling about 27 km (17 miles) in length for a project in the Gulf of Mexico.

HOUSTON — Oceaneering International's Manufactured Products segment has secured a $50 million contract with a domestic independent energy company.

Oceaneering will supply an electro-hydraulic, steel tube dynamic umbilical totaling about 27 km (17 miles) in length for a project in the Gulf of Mexico.

Manufacturing is scheduled to begin in 2025 for the Panama City, Florida facility, with final delivery expected in second-quarter 2026.

Read the latest issue of the OGV Energy magazine HERE

Published: 21-06-2024