Oceaneering International Inc.’s Subsea Robotics segment won multiple contracts during third-quarter 2022, with anticipated aggregate revenue of $300 million.
HOUSTON — Oceaneering International Inc.’s Subsea Robotics segment won multiple contracts during third-quarter 2022, with anticipated aggregate revenue of $300 million.
These contracts are primarily for ROV services delivered from floating drilling rigs and vessels for subsea equipment support, subsea intervention and construction. Also included among the contracted work scopes are ROV tooling, survey, positioning and AUV services.
These service contracts are with international energy operators and marine construction companies, and they range in duration from several months to five years. Additionally, some contracts contain option periods that, if exercised, would increase both the duration and overall value of the contracts. The contracts cover globally diverse regions and reflect significant contract wins in South America, the North Sea and West Africa.
President and CEO Rod Larson said, “This volume of orders reinforces our outlook for strong offshore demand over the next several years. Offshore’s resurgence indicates the global significance and operators’ awareness of energy security issues and the need for dependable forms of energy during the lengthy energy transition process.”