Oceaneering International gains on receiving Subsea Robotics contracts

Oceaneering International

28/08/2025 13:30

** Shares of oilfield services provider Oceaneering International OII.N rise 1.7% to $24.81 premarket

** Company says its unit Marine Production Systems do Brasil was awarded multiple Subsea Robotics contracts by Petróleo Brasileiro S.A. PETR3.SA during Q2 2025

** OII anticipates aggregate revenue of the contract to be about $180 million.

** OII will provide remotely operated vehicle (ROV) services, tooling packages and survey services on Petrobras projects in offshore Brazil

** Company expects contracts to commence on various dates in Q3 and Q4 of 2025 and Q1 2026

** As of last close, stock down ~6% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))