Oceaneering announces Q4 contract wins revenue of approximately $200M

Oceaneering International announced that its Manufactured Products segment won multiple contracts during the fourth quarter of 2023, with anticipated aggregate revenue of approximately $200M. The anticipated revenues from these contracts, primarily with international oil and gas operators and marine construction companies, range in value from less than $10M to greater than $100M…Other contracts booked in the fourth quarter 2023 order intake include scopes of work to supply additional subsea production umbilicals and umbilical termination hardware for projects not mentioned above, Grayloc and Rotator products, and mobility solutions products. Rod Larson, President and Chief Executive Officer, stated, “These contract awards validate the continued necessity for stability in global offshore energy production, and demonstrate customer confidence in our ability to support their operations to meet energy demand. The awards leverage our years of expertise and strengthen our position as a leading provider of high-quality integrated products and services to both energy and non-energy markets. We look forward to delivering our customers’ unique work scopes in a safe and timely manner.”