Brief: Oceaneering Announces Petrobras Drill Pipe Riser Systems Contract

Oceaneering International

09/10/2023 22:59

Oct 9 (Reuters) - Oceaneering International Inc  OII.N :
    * OCEANEERING ANNOUNCES PETROBRAS DRILL PIPE RISER SYSTEMS
CONTRACT
    * OCEANEERING INTERNATIONAL INC - CONTRACT VALUE COULD BE
WORTH UP
TO $75 MILLION IN REVENUE DURING FIVE-YEAR CONTRACT PERIOD
    * OCEANEERING INTERNATIONAL INC: COMPANY WILL BE REPLACING
UMBILICALS ON EXISTING SYSTEMS IN 2024
    * OCEANEERING INTERNATIONAL INC- FIELD OPERATIONS UNDER
CONTRACT
ARE ANTICIPATED TO COMMENCE WHEN CURRENT CONTRACT EXPIRES, OR 18
MONTHS AFTER AWARD
    * OCEANEERING INTERNATIONAL INC- PETROBRAS ALSO HAS OPTION
TO ADD
A FOURTH DPR SYSTEM BY NOTIFYING OCEANEERING PRIOR TO
MID-DECEMBER 2023.
    * OCEANEERING INTERNATIONAL- UNIT, SECURED A FIVE-YEAR
CONTRACT
FROM PETRÓLEO BRASILEIRO S.A. FOR OPERATION OF THREE EXISTING
DRILL PIPE RISER SYSTEMS

Source text for Eikon:  ID:nBw45TMjGa 
Further company coverage:  OII.N 

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