HOUSTON –Hess Corp. (NYSE:HES) has contracted Oceaneering International Inc. (NYSE:OII) to supply umbilicals and umbilical distribution hardware to the Stampede project. Stampede is in the Green Canyon area of the Gulf of Mexico.
The order is for electro-hydraulic, steel tube umbilicals totaling approximately 14.3 km (8.9 mi) in length, umbilical termination assemblies, hydraulic and chemical distribution units, electrical distribution units, flying leads, and junction plates. Oceaneering plans to manufacture the umbilicals in Panama City, Florida, and to manufacture the distribution hardware in Houston.
Umbilical production is expected to start in 2Q 2015, with delivery scheduled for mid-2016.
This hardware will be used to transmit hydraulic control fluids, chemicals, and electrical power signals to operate and monitor subsea wells and manifolds.