Oceaneering wins three subsea umbilical contracts

Oceaneering International Inc. has secured three subsea umbilical contracts valued at more than $80 million in total.

Offshore staff

HOUSTON – Oceaneering International Inc. has secured three subsea umbilical contracts valued at more than $80 million in total. 

The contracts with major international operators are to supply developments in the Mediterranean Sea, the North Sea, and the South China Sea.

Two contracts are for electro-hydraulic, steel tube production control umbilicals, measuring about 66 mi (106 km) in total, and related umbilical distribution hardware. The third contract is for three thermoplastic production control umbilicals, measuring about 26 mi (42 km), and related umbilical distribution hardware.

Manufacture of the umbilicals is expected to start in 1Q 2019 with deliveries scheduled during the first half of 2020.

01/21/2019

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