REG - Hunting PLC - $63.5 million of subsea orders for Guyana

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RNS Number : 3551Z  Hunting PLC  07 April 2026

 For Immediate Release  7 April 2026

 

 

 

 

 

Hunting PLC

 

("Hunting" or "the Company" or "the Group")

 

$63.5 million of subsea orders for Guyana

 

Hunting PLC (LSE: HTG), the precision engineering group, today announces that
it has been awarded orders totalling $63.5 million for its titanium stress
joint ("TSJ") product line, for a new offshore development in Guyana.

 

The award will be completed by the Group's Subsea Spring business unit and
will be delivered through to May 2028, with revenue being recognised from H2
2026.

 

This new TSJ order is in addition to $4.4 million of orders secured by the
Group's Stafford and Flexible Engineered Solutions business units for this new
offshore development since December 2025, with further incremental orders
likely to be received throughout the rest of 2026.

 

These orders demonstrate the success of Hunting's TSJ solution, which is used
on Floating Production, Storage and Offloading ("FPSO") vessels. They also
underline Hunting's strategic ambition to deliver a range of solutions for
FPSO vessels used in offshore developments to capture a larger portion of
projected spending on major subsea projects. By leveraging our enlarged
product offering, we can better support integrated oil and gas groups and
service companies throughout the whole life cycle of a well.

 

Commenting on these orders, Jim Johnson, Chief Executive, said:

 

"Our TSJ product line, which is a critical component for offshore
developments, continues to be adopted on key offshore projects utilising
FPSOs, given the maintenance benefits and reliability offered.

 

"We would like to thank our partner in Guyana for its continued confidence in
our product offering and look forward to working together in the future with
our range of products and solutions.

 

"This order also contributes to our guided subsea product group revenue and
EBITDA through to 2028, as published at our subsea investor event held in
January 2026."

 

For further information please contact:

 

 Hunting PLC                        Tel: +44 (0) 20 7321 0123

 Jim Johnson, Chief Executive

 Bruce Ferguson, Finance Director

 Sodali & Co                        Tel: +44 (0) 78 5543 2699

 James White

 Tilly Abraham

 

or

 

lon.IR@hunting-intl.com

 

About Hunting PLC

 

Hunting is a global, precision engineering group that provides
precision-manufactured equipment and premium services, which add value for our
customers. Established in 1874, it is a listed public company, quoted on the
London Stock Exchange in the Equity Shares in Commercial Companies ("ESCC")
category. The Company maintains a corporate office in Houston and is
headquartered in London. As well as the United Kingdom, the Company has
operations in China, India, Indonesia, Mexico, Saudi Arabia, Singapore, United
Arab Emirates and the United States of America.

 

The Group reports in US dollars across five operating segments: Hunting Titan;
North America; Subsea Technologies; Europe, Middle East and Africa ("EMEA");
and Asia Pacific.

 

The Group also reports revenue and EBITDA financial metrics based on five
product groups: OCTG; Perforating Systems; Subsea; Advanced Manufacturing; and
Other Manufacturing.

 

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66

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