Oceaneering to reel out Quad 204 umbilicals for BP

Oceaneering International (NYSE:OII) is to supply umbilicals for BP’s Quad 204 field development west of Shetland under a $45 million-plus contract.

Offshore staff

HOUSTON– Oceaneering International (NYSE:OII) is to supply umbilicals for BP’s Quad 204 field development west of Shetland under a $45 million-plus contract.

The scope covers two riser and five infield umbilicals with a total length of 19 km (11.8 mi). That equipment will supply electrical and hydraulic power, and chemical injection to subsea trees and production manifolds at theQuad 204 drill centers.

Manufacturing will be performed in three phases at the Oceaneering Umbilical Solutions facility in Rosyth, Scotland. The first phase is expected to start during the current quarter with third-phase assembly due to be completed in spring 2015.

This was the first order issued by BP under a 10-year term global subsea hardware umbilical agreement it executed with Oceaneering last summer.

2/8/2013

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