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Stock impact report

Oceaneering Awarded Contract to Supply Umbilicals and Distribution Hardware for Mozambique LNG Project

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: PR Newswire
HOUSTON, June 18, 2019 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that it has been awarded a contract by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, to supply umbilicals, distribution hardware, and aftermarket services.  The multiple lengths of onshore and subsea steel tube control umbilicals total approximately 115 miles (185 kilometers) in length.  The distribution hardware to be provided includes umbilical termination assemblies, hydraulic and chemical distribution units, electrical distribution units, flying leads, junction plates, ROV flyable large-bore connectors, and aftermarket services in support of installation.  Manufacture of the umbilicals and distribution hardware is scheduled to occur at the Oceaneering facilities in Panama City, Florida and Houston, Texas; and is expected to commence in the third quarter of 2019 and be completed in the third quarter of 2021.  Rod Larson, Preside Show less Read more
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