Manufacturing, scheduled for the Panama City, Florida facility, is slated to begin in 2025 with final delivery in the second quarter of 2026. (Source: Shutterstock)
Oceaneering International Inc.’s manufactured products segment secured a large contract serving a Gulf of Mexico customer.
Houston-based Oceaneering is contracted to supply electro-hydraulic, steel tube dynamic umbilical totaling approximately 27 kilometers (17 miles) in length for a domestic independent energy client, the company announced June 20.
Manufacturing, scheduled for the Panama City, Florida facility, is slated to begin in 2025 with final delivery in the second quarter of 2026.
The anticipated revenue from the contract is approximately $50 million.
“This contract award reflects the confidence that our customers have in Oceaneering’s ability to deliver manufactured products in a safe and timely manner,” said Shaun R. Roedel, senior vice president of manufactured products, in a release. “We value the trust our customers place in our abilities and we look forward to supporting this exciting project.”
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