Oceaneering International Inc.’s Aerospace and Defense Technologies (ADTech) segment has secured a contract with Naval Sea Systems Command (NAVSEA) to operate and maintain the U.S. Navy’s submarine rescue systems, the company said on Sept. 29. The contract duration is one year, with four one-year extension options, with a potential value of $119 million.
Oceaneering’s scope of work is to engage with the U.S. Navy’s Undersea Rescue Command, based at Naval Air Station North Island in San Diego, California, to maintain, certify and operate submarine rescue systems and supporting equipment. For over 20 years, Oceaneering has supported the U.S. Navy Submarine Rescue program with significant engineering efforts and capability enhancements. This new contract represents significant growth in Oceaneering's role in supporting operations and maintenance.
“It is a privilege to continue providing the U.S. Navy with exemplary solutions. This award is the latest example of how we continue to provide our non-energy customers with superior service and technologies while growing this promising segment of our business,” Rod Larson, president and CEO of Oceaneering, said.
Drilled to a total depth of 10,039 ft by Well Services Petroleum Ltd. Rig #80 to test a formation south of the Cascadura gas discovery, the well hit a total of about 589 net ft of pay.
February 2020: Middle Bakken Discovery By Marathon: 9.347 MMcf Of Gas, 9.014 Mbbl Of Oil Per Day
Of this year’s 69 licenses, 33 were in the North Sea off southern Norway, 23 were in the Norwegian Sea off central and northern Norway and 13 were in the far-north Barents Sea.