Oceaneering Awarded International Contracts for Offshore Projects Group: Angola Block 17, Girassol Life Extension Project and Stabroek Block, Offshore Guyana
31 Agosto 2023 - 6:01PM
Business Wire
Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII)
announces that its Offshore Projects Group (OPG) segment has been
awarded two international contracts, with combined total value in
excess of $100 million.
Oceaneering has been named a consortium partner to support
transportation and installation work on the Girassol Life Extension
project. The scope of work includes air and saturation diving
services, project management, engineering, and procurement
activities, in support of the prime contractor’s recovery and
replacement of 12 risers. Having extensive experience in Angolan
offshore developments, Oceaneering will provide Angolan personnel
for the project and manage the in-country operations of the
consortium. Oceaneering is expected to provide its services in
various phases, to commence in late 2023, lasting into late
2025.
Oceaneering has also been awarded a contract for work on a
jumper installation project in the Stabroek block, offshore Guyana.
The scope of the project adds to our growing body of work in the
South American country in support of a key client. It consists of
jumper and subsea field development installation and other
associated tasks. The scope of supply is already underway and
anticipated to last through the remainder of 2023.
Roderick A. Larson, President and Chief Executive Officer, said,
“We are pleased to continue delivering quality offshore services to
our expanding international client base. These awards substantiate
our visibility into increased international activity, as cited in
our recent second quarter earnings release. Our success with these
projects supports our belief in the resurgence of international
offshore activity and market expectations over the next several
years.”
Statements in this press release that express a belief,
expectation or intention, as well as those that are not historical
fact, are forward-looking. The forward-looking statements in this
press release include the statements concerning Oceaneering's
expected total contracts value, scope of work, and timeline for
commencement and duration of work under the contracts. These
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and are based on current information and expectations of
Oceaneering that involve a number of risks, uncertainties, and
assumptions, including risks and uncertainties related to
counterparty performance under contracts and market conditions and
other economic factors affecting Oceaneering's business. Should one
or more of these risks or uncertainties materialize or should the
assumptions underlying the forward-looking statements prove
incorrect, actual outcomes could vary materially from those
indicated. These and other risks are more fully described in
Oceaneering's latest annual report on Form 10-K and its other
periodic filings with the Securities and Exchange Commission.
Oceaneering is a global technology company delivering engineered
services and products and robotic solutions to the offshore energy,
defense, aerospace, manufacturing, and entertainment
industries.
For more information on Oceaneering, please visit
www.oceaneering.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230831946470/en/
Mark Peterson Vice President, Corporate Development and Investor
Relations Oceaneering International, Inc. 713-329-4507
investorrelations@oceaneering.com
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