Oceaneering (OII) Secures $50 Million Umbilical Contract [Yahoo! Finance]
Oceaneering International, Inc. (OII)
Last oceaneering international, inc. earnings: 2/24 05:01 pm
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investors.oceaneering.com/investor-relations/default.aspx
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Source: Yahoo! Finance
The contract is valued at roughly $50 million and involves supplying a specialized underwater cable for a project in the Gulf of Mexico. This deal highlights OII's strong reputation in the industry and its capacity to deliver high-quality products in a timely manner. Scope of the Contract The contract involves the supply of an electro-hydraulic, steel tube dynamic umbilical. This specialized product will be utilized in a project located in the Gulf of Mexico. The total length of the umbilical is approximately 27 kilometers (17 miles). Such a substantial length indicates the scale and complexity of the project, highlighting OII's technical expertise and manufacturing capabilities. Manufacturing Details Manufacturing of the umbilical is scheduled to take place at OII's facility in Panama City, FL. The production is set to commence in 2025, with the final delivery expected in the second quarter of 2026. This timeline reflects a well-planned and methodically executed project, ensu
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OII
Earnings
- 7/24/24 - Miss
OII
Sec Filings
- 9/11/24 - Form 4
- 9/10/24 - Form 144
- 8/29/24 - Form 4
- OII's page on the SEC website