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Stock impact report

Oceaneering secures multiple contracts for various services in UK North Sea [Yahoo! Finance]

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The contracts, awarded by various operators in the UK sector of the North Sea, encompass decommissioning, inspection, subsea preparation and installation support services. Oceaneering did not disclose the identities of the operators and financial value of the contract. These contracts signify a combined duration of an estimated 65 days, with options to extend further. The commencement of these operations is scheduled for August 2024 and will be conducted leveraging the MSV Island Frontier , a vessel with a history of operations in West Africa and the Black Sea. Oceaneering said it has extended the charter of Island Frontier until December 2025, ensuring that the vessel's capacity is available to meet the requirements of its clients. These contracts will be overseen and executed from Oceaneering's operational hub in Aberdeen, Scotland. This hub is strategically positioned to manage the company's activities in the North Sea. Oceaneering offshore projects group, Europe and Show less Read more
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