Oceaneering secures $50M umbilical contract

June 21, 2024
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.

Offshore staff

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.

06.20.2024

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