Oceaneering announces Manufactured Products contracts with Petrobras
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Oceaneering International, Inc. has announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. (Petrobras) through a competitive bidding process. The expected aggregate net revenue is in the range of US$120 million – US$183 million.
Oceaneering is contracted to supply up to 362 km, or approximately 225 miles, of steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware for use in projects offshore Brazil.
Manufacturing of the products is scheduled to take place at Oceaneering’s Niteroi, Brazil facility with the final delivery expected in the fourth quarter of 2027.
Reflecting on these achievements, Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, "The award of these major contracts reinforces our confidence in the durability and commitment of our customers to the resurgent deepwater markets. It further demonstrates Oceaneering’s position as a trusted provider with the ability to deliver quality work in a safe and timely manner. This advances the leading-edge position of our Brazilian manufacturing operation and we look forward to supporting Petrobras on these projects."
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World Pipelines’ June 2024 issue
The June 2024 issue of World Pipelines includes a keynote section on hydrogen pipeline transport, in which Contributing Editor Gordon Cope offers a broad look at the global hydrogen pipeline market, and Atmos International discusses modelling pure hydrogen pipelines. Also in the issue: technical articles on subsea survey, pigging tool performance, HDD operations for the Trans Mountain Expansion project, and more.
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/12062024/oceaneering-announces-manufactured-products-contracts-with-petrobras/
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