Oceaneering International, Inc. has announced the successful acquisition of two international contracts through its Offshore Projects Group (OPG) segment, boasting a total combined value exceeding US$100 million.
Oceaneering has been awarded a project in the Stabroek block, offshore Guyana. The project’s scope involves jumper and subsea field development installation, as well as various associated tasks. Work on the project has already commenced and is anticipated to extend through the remainder of 2023. Oceaneering’s announcement did not indicate specifically which Stabroek Block project it was hired for.
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Additionally, one of the contracts has positioned Oceaneering as a vital consortium partner for the Girassol Life Extension project in Angola. The project’s scope encompasses a broad spectrum of services, including air and saturation diving, project management, engineering, and procurement activities. These services will play a pivotal role in supporting the prime contractor’s efforts to recover and replace 12 risers.
Leveraging its extensive experience in Angolan offshore developments, Oceaneering is also set to provide Angolan personnel for the project. Moreover, Oceaneering will assume responsibility for managing the in-country operations of the consortium. Commencing in late 2023, the project is expected to span multiple phases, continuing until late 2025.
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Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, “We are pleased to continue delivering quality offshore services to our expanding international client base. These awards substantiate our visibility into increased international activity. Our success with these projects supports our belief in the resurgence of international offshore activity and market expectations over the next several years.”
